Reflection AI has secured a $6.3 billion deal with SpaceX for access to Nvidia's latest GB300 AI chips at the Colossus 2 data center near Memphis, Tennessee. Starting July 1, 2026, Reflection will pay $150 million monthly through 2029, with a flexible cancellation option after the first three months. This deal supports Reflection's open-weight AI model strategy, positioning it as a major player in open-source AI amid growing concerns over closed AI models. SpaceX, originally building the data center for its own AI efforts, now rents out its AI chip resources to leading AI labs, including Reflection, Anthropic, and Google.
SpaceX's IPO priced at $135 surged 50% to around $155, valuing the company near $2 trillion. Experts warn that while new MANGOS ETFs capture much of the AI sector, they exclude key players like Amazon and carry concentrated valuation risks. The tech-...
The U.S. Space Force awarded SpaceX a $4.16 billion contract for the Space-Based Airborne Moving Target Indicator (SB-AMTI) program, aimed at creating a satellite network to track airborne threats. Alongside SpaceX, Rocket Lab, Lockheed Martin, and L...
The Nasdaq 100 completed its June quarterly rebalance, replacing five legacy tech companies with five innovation-focused firms including CoreWeave and Rocket Lab. This shift reflects a move toward next-gen hardware, AI infrastructure, and space tech....
SpaceX shares fell 9% following its announcement of a $20 billion senior notes bond offering to repay debt and fund AI and data-center projects. This move triggered a sell-the-news reaction, impacting the broader space sector with Virgin Galactic dow...
