Reflection AI’s $6.3B SpaceX compute contract will use Nvidia GB300 chips at $150M per month through 2029, underscoring growing demand for Nvidia hardware. Nvidia invested $800M in Reflection, backed Upscale AI’s $190M funding extension valuing it at $2B, and will lease a 352-MW Texas data centre from Hut 8.
The agreement commits Reflection AI to pay $150 million monthly from July 1, 2026 through 2029 for access to Nvidia GB300 chips and related hardware housed in SpaceX’s Colossus 2 data centre in Memphis, Tennessee, totaling roughly $6.3 billion, with a 90-day exit clause exercisable by either party after the initial quarter.
Nvidia provided an $800 million investment in Reflection AI and will supply the GB300 chips for this contract, positioning the company as both an investor and hardware provider to the same client and deepening its involvement in open-source AI infrastructure.
Nvidia joined a $190 million extension to Upscale AI’s early‐stage funding, bringing the startup’s valuation to $2 billion alongside Salesforce Ventures and Temasek, to support its AI-native networking technology that connects chips, memory and storage for large-scale model training.
Hut 8 issued $4.25 billion in bonds at a 6.129% rate maturing in 2042, attracting $17 billion in orders to fund a 352-megawatt Texas data centre that Nvidia will lease, expanding the company’s AI data centre footprint and capacity.
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