Ioannis Antonoglou

Money Moves

Building Reflection's open models

SpaceX is best known for rockets. As of this year, one of its largest businesses is renting out computing power. On June 22, it signed a deal with Reflection AI, a startup that has not yet released a product, to supply Nvidia chips for $150 million a month through 2029. Run its full term, the contract is worth about $6.3 billion.

Updated Jun 23