SpaceX has secured a new artificial-intelligence computing agreement that could materially lift its recurring revenue base to its annualized target in 2026. The contract, disclosed by Chief Financial Officer Bret Johnsen at a Goldman Sachs event on Thursday, is set to generate $1.1 billion per month starting in December.
Johnsen did not identify the customer and said that the arrangement was signed earlier this month. On an annualized basis, he put the value of the agreement at roughly $13 billion.
The contract supports SpaceX’s push toward a $100 billion annualized revenue run rate by the end of 2026. Annualized recurring revenue is commonly used by companies to project a full-year revenue pace from a shorter reporting period. Achieving that level would mark a sharp increase from the company’s position only months earlier.
Demand for computing infrastructure has intensified as AI developers seek additional capacity. A PwC report cited in the source expects spending on computing capacity to exceed $36 trillion through 2050. Selling or leasing cloud-computing resources has become a major business for SpaceX, Microsoft and other technology companies.
SpaceX already has large AI compute commitments in place. Filings show Anthropic agreed to pay $1.25 billion per month under a contract running through May 2029. Google has committed to monthly payments of $920 million beginning next month and continuing through June 2029.
