Skip to navigationSkip to main contentSkip to right columnBram Berkowitz, The Motley FoolSat, June 27, 2026 at 10:15 AM GMT+2 5 min readMany people and investors scoffed at Space Exploration Technologies (NASDAQ: SPCX) and its founder, Elon Musk, when the company sought to raise over $75 billion at a $1.77 trillion valuation. That's primarily because the company generated only about $18.7 billion in revenue in 2025, posted a nearly $2.6 billion operating loss, and incurred over $30 billion in capital expenditures in 2025 and the first quarter of 2026.But SpaceX has shown that, beyond its space and Starlink businesses, it also has a burgeoning data center business that provides compute to some of the largest players in artificial intelligence (AI).Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »SpaceX has now inked deals with Anthropic, Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google, and an AI start-up called Reflection, potentially worth over $76 billion in revenue (collectively) between now and the end of 2029. Is this enough to justify SpaceX's massive valuation?Image source: Getty Images.Here's what each data center deal looks like: SpaceX provides these three companies access to its data centers, which host Nvidia's graphics processing units (GPUs) and other AI infrastructure.Starting in May, Anthropic, the parent company of Claude, began paying SpaceX $1.25 billion per month through 2029, in a deal valued at over $40 billion.Google has agreed to pay SpaceX $920 million per month, starting in October and continuing through June 2029, for access to Nvidia's GPUs and other data center infrastructure, including central processing units (CPUs) and memory. The deal is worth over $30 billion over its potential life.Starting in July, Reflection will pay $150 million per month for compute through 2029, valuing the deal at $6.3 billion over its life.While it all sounds great, there's no guarantee that these deals will last. Each party may terminate the deal with 90 days' notice, typically effective at the beginning of 2027.Commenting on the Anthropic deal for its Colossus data center in late May, Musk said he wasn't yet sure whether it would actually last through 2029."SpaceX has not committed to leasing Colossus for years, although it's possible that may be what happens," Musk wrote on his social media platform X, adding that the short-term ability to end the agreement was done at SpaceX's request and not Anthropic's. "We won't leave them hanging and will provide a reasonable off-ramp, but if compute gets super tight, I said we might need it back at some point."Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info