SpaceX Discloses $1.11 Billion Monthly Hosting Deal With Unnamed Customer

SpaceX has disclosed a new hosting agreement under which an unnamed customer will pay $1.11 billion a month starting December 1, 2026. The payment rate is striking, but the company has not identified the customer, the capacity it will provide or the agreement’s full term.

Bret Johnsen, SpaceX’s chief financial officer, disclosed the arrangement at Goldman Sachs’s September 10 technology conference. SpaceX said it had closed the agreement earlier in September.

$1.11 billionMonthly payment

SpaceX said the unnamed customer will begin paying this amount on December 1, 2026.

$13.32 billionAnnualized pace

Twelve months at the stated payment rate equals $13.32 billion, but SpaceX did not disclose a full-year guarantee.

At that rate, 12 months of payments would total $13.32 billion. It is a run-rate calculation, not a disclosed guarantee of 12 months of revenue. The distinction matters because a monthly payment figure alone does not establish the total value of the agreement.

Johnsen described SpaceX’s compute arrangements generally as roughly 90-day commitments followed by a 90-day exit period. SpaceX did not say whether those are the terms of this agreement, so the disclosure does not establish how readily this customer could reduce or end its spending.

The agreement comes as SpaceX’s reported second-quarter revenue rose more than 90% to $7.8 billion. The company also said its AI segment became adjusted EBITDA positive, a measure of operating performance before interest, taxes, depreciation and amortization.

The planned start date makes December 2026 the first visible milestone for the deal. Yet without the capacity and full term, readers cannot assess the hardware required to serve the customer or the margins SpaceX might earn. Those details will determine whether the disclosed monthly rate reflects a durable hosting business or a more limited commitment.