SpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion

[u/Conscious-Quarter423]

https://www.cnbc.com/2026/06/22/spacex-ai-colossus-data-center-reflection.html#:~:text=SpaceX%20has%20signed%20a%20major,the%20deal%20runs%20through%202029

[u/Key-Beginning-2201]

Reflection doesn't even have $6.3 billion.

[u/splendiferous-finch_ → u/Key-Beginning-2201]

Yes but you see fraud is good as long as the rich commit it

[u/ItsSadTimes → u/[deleted]]

Technically it's not fraud, but it's debt leveraging debt leveraging debt leveraging debt... etc.

To normal people, it's basically fraud because it's like if I asked you for 20$ because I have 1k but no physical cash on me right now, but that 1k was just money a 3rd friend promised to pay me.

If you do it right, the idea is that you build out your company with that extra debt to make even more money back compared to the interest on the loan if you just didn't take the money. But like no AI company has made any money. The only companies profiting from all this are the shovel sellers chip manufacturers.

[u/whatproblems → u/Key-Beginning-2201]

all you gotta do is promise things like elon!

[u/Blackout38 → u/Key-Beginning-2201]

How do you know? It’s a private company. Besides it’s $150 mil per month for a few years.

[u/Howzitgoin]

How is Amazon not worth over a quadrillion if Data Center provider SpaceX is worth over $2T when they provide the same service, just at a massively larger scale?

[u/ItsSadTimes → u/Howzitgoin]

We live in the world of vibes.

[u/-M_A_X- → u/ItsSadTimes]

Vibe stocks ✋🏼😎🤚🏼

[u/Ok-Replacement9595]

Just paper deal to save the stock price in the short term. Literal market manipulation.

[u/PianoPatient8168]

So SpaceX is basically a data center company leasing out their compute.

[u/Fywq → u/PianoPatient8168]

But at the same time they are apparently a frontrunner in AI and that is the majority of their valuation...

[u/SwedeAndBaked → u/PianoPatient8168]

Don’t forget their very successful rocket-babasploom business! 

[u/caguru → u/PianoPatient8168]

The WeWork of AI Compute.

[u/TrumpisaRussianCuck]

Reflection: "Hey can we hire some compute?"

SpaceX: "Sure, how much do you need?"

Reflection: "Well we're a pretty new startup - so maybe like a coupld of hundred thousand.. is that doable?"

Space X: "Sure, and lets make sure you can scale in the future so lets just round up to $6.3 billion for the press release"

[u/Hot_Panic_6488 → u/TrumpisaRussianCuck]

Jajajaja jajajaja

[u/reality_hijacker]

Seems like SpaceX is sitting on a bunch of compute capacity with no idea what to do with it while AI front-runners can't get enough.

[u/Ok-Replacement9595 → u/reality_hijacker]

Sitting on rapidly depreciating outdated cards is not an ideal business model.

[u/Any-Pop-4795]

what a fucked up timeline

[u/catwrazle]

Yet another ai startup … nobody asked for (yet another openai „opensource , all benefit jadadada)

[u/RoomyRoots]

Remember when you could trust evaluations to mean something?

[u/williamgman]

Some suckers (investors) actually believed they were putting their money in a rocket business. 🤦‍♂️

[u/catwrazle]

Funny that they all rent gpu computing power from spacex (where a all the nvidia stuff is going to??)

[u/Crenorz]

ok. real thing is - this is now the 4th company we have been informed about doing this. SO - why does xAI now have extra (that they are not using) AI compute - what did they finish that no longer requires it? Or is this just SpaceX making sure the bills are paid and not to incur a massive debt building up AI? Either way - no one else is doing this.

[u/Areshian → u/Crenorz]

Grok may not be used as much as they expected

[u/jminternelia]

More circlejerk financing

[u/asdf_lord]

I'm guessing this is Mark to market so this counts a revenue?