SpaceX has engaged in discussions with Microsoft regarding the potential lease of AI computing capacity. These talks occurred during the summer of 2026, though no formal agreement has been confirmed between the two companies. Reports suggested Microsoft might seek 3 GW of capacity to address shortages, with a potential valuation of $150 billion.
The leasing operation relies on the Colossus AI data centers in Memphis, which were integrated following the merger with xAI in early 2026. SpaceX began offering surplus capacity earlier that year. As of September 2026, the annualized revenue from these compute leases reached $41,1 billion, positioning the business as a significant revenue stream alongside launch services and Starlink.
The current client roster includes major industry players. Google is scheduled to pay $920 million per month for 32 months starting in October 2026. Reflection AI has a contract valued at $150 million per month running through 2029, while an unnamed customer will contribute $1,11 billion monthly starting in December 2026.
SpaceX reported 1,4 GW of online capacity as of June 30, 2026, an increase from 1,0 GW in the first quarter. The company aims to exceed 2 GW by the end of 2026 and targets reaching close to 10 GW by the end of 2027. Future growth remains dependent on achieving these infrastructure buildout goals and securing additional long-term contracts with major technology firms.
