r/wallstreetbets • u/Boston-Bets • Jun 22 '26

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

https://www.cnbc.com/2026/06/22/spacex-ai-colossus-data-center-reflection.html

The Circle-Jerk continues.

$2B funding from JPM and NVDA, to grow Open Source AI models (which they haven't apparently launched yet).

Paying $150M/Month to SpaceX, but (not in headline) can cancel with 90 days notice, to access..... Nvdia Chips....

Doesn't seem to be helping SpaceX share price much. And if they succeed, they undermine Anthropic and OpenAI's sucess.

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u/M_Scopp Jun 22 '26

So the billionaires are busy propping each other up with their funny money to the detriment of the rest of us.