SpaceX Just Inked a New AI Deal Worth Up to $6.3 Billion
The small deal could grow into something huge if Reflection AI continues its growth curve.
Overview
Space Exploration Technologies (NASDAQ:SPCX) continues to make headlines. Elon Musk’s rocket, satellite, and artificial intelligence company agreed to a $6.3 billion deal with an AI start-up, Reflection AI.
The deal calls for Reflection AI to rent AI hardware and software processing capacity from SpaceX’s Colossus data center in Tennessee.
Details
According to the CNBC report, Reflection AI will pay SpaceX $150 million a month starting July 1 and receive immediate access to high-powered Nvidia GB300 chips. Following three months, either party can terminate the contract by giving 90 days’ notice.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.