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SpaceX 再签 133 亿美元年度算力合同,年化收入达 411 亿美元

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SpaceX 正在从火箭与卫星运营商,快速演变为全球 AI 算力市场不可忽视的供给方。在近日举行的高盛 Communacopia + Technology Conference 2026 大会上,公司 CFO Bret Johnson 披露,SpaceX 又签署了一份年化价值 133 亿美元的算力托管合同,使其来自计算租赁业务的年收入总额达到 411 亿美元。这笔新合同将于 2026 年 12 月开始产生收入,是 SpaceX 今年落地的第四份重大 AI 算力协议。Johnson 称这是一份面向某 AI 客户的托管协议,但未透露客户身份,市场对其背后买家的猜测已迅速升温。

从卫星到算力:SpaceX 的商业版图重构

按月计算,新合同金额约 11.1 亿美元,这一量级已经接近传统电信运营商一年的资本开支水平。更值得注意的是 411 亿美元的年化计算收入总和——作为对比,全球多数头部数据中心运营商的年营收仍在百亿美元量级徘徊,SpaceX 凭借一年之内密集签署的四份合同,直接跻身全球 AI 算力供给第一梯队。

梳理已公开的合作名单可以看出其客户结构:Anthropic 以每月 12.5 亿美元的价格锁定产能,Google Cloud 每月支付 9.2 亿美元,AI 初创公司 Reflection AI 的合同为每月 1.5 亿美元,此外 Anthropic 还被报道将整包使用 SpaceX 与 xAI 位于孟菲斯的 Colossus 1 数据中心的算力。客户阵容横跨头部云厂商、AI 模型公司与初创企业,反映出当前 AI 训练和推理需求远超地面数据中心供给能力的市场现实。

【关键数据】

- 新签合同年化金额: 133 亿美元(月均约 11.1 亿美元)

- 计算租赁年化总收入: 411 亿美元

- Anthropic 合同: 每月 12.5 亿美元

- Google Cloud 合同: 每月 9.2 亿美元

- 年内重大 AI 算力协议: 第 4 份

xAI 孟菲斯数据中心

天基算力叙事下的军政客户想象空间

除商业客户外,SpaceX 的算力故事还存在一条政府主线。公开信息显示,今年 7 月公司曾与美国国防部就算力与卫星能力合作进行谈判。马斯克此前多次阐述“天基数据中心”愿景——利用星舰的大运载能力将算力设施送入轨道,以太阳能供电、散热不受地理约束的方式突破地面数据中心的电力瓶颈。无论这一愿景何时兑现,SpaceX 当前依托地面数据中心的算力租赁业务已经在真金白银地创造收入,411 亿美元的年化数字本身就是对其转型速度最直接的注脚。

对电信与数据中心行业而言,这一格局变化的信号意义不容低估。AI 算力需求正在重塑基础设施的价值链,具备能源获取能力、工程建设能力和资本实力的跨界玩家,正在从云厂商和传统托管商手中分走巨额订单。SpaceX 之外,xAI、Meta 等公司也在自建超大规模设施,行业竞争的边界已经从“谁有机房”演变为“谁有电、谁有土地、谁有火箭”。

商业化展望:12 月成色待验

需要关注的是,411 亿美元为年化收入口径,并非已确认营收,合同执行期内的交付能力、电力供应稳定性以及 AI 客户自身的资本开支可持续性,都将决定这些数字最终能兑现多少。新合同 12 月开始计费后,SpaceX 后续财报和公开表态将成为观察窗口。在 AI 基础设施军备竞赛持续升级的环境下,这家以火箭闻名的公司能否把算力业务做成第二增长曲线,将是 2027 年全球基础设施市场最值得追踪的悬念之一。


出处:SpaceX signs compute contract valued at $13.3bn annually

英文原文
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CFO Bret Johnson revealed during the Goldman Sachs Communacopia + Technology Conference 2026 that the company's annual income from compute deals now totals $41.1 billion. [](https://media.datacenterdynamics.com/media/images/xAI_memphis.original.png) – Google Maps As reported by [Investing.com](https://uk.investing.com/news/stock-market-news/spacex-at-goldman-sachs-communacopia--technology-conference-2026-compute-push-93CH-4865389), this is the result of the company signing an additional contract worth $13.3bn annually, or $1.11bn on a monthly basis. The new contract will begin generating revenue in December 2026 and is SpaceX's fourth major AI capacity agreement this year. CFO Johnson described it as a hosting deal for an AI customer, though the customer was not named. The company has previously signed agreements with the likes of [Anthropic](https://www.datacenterdynamics.com/en/news/anthropic-to-use-all-of-spacex-xais-colossus-1-data-center-compute/) ($1.25bn per month), [Google Cloud](https://www.datacenterdynamics.com/en/news/google-to-pay-920-million-to-spacex-monthly-for-ai-capacity/) ($920 million per month), and [Reflection AI](https://www.datacenterdynamics.com/en/news/spacex-secures-63bn-compute-capacity-deal-from-ai-startup-reflection/) ($150m per month). In July of this year, the company was reportedly in talks with the [Department of Defense](https://www.datacenterdynamics.com/en/news/spacex-in-talks-with-pentagon-to-provide-compute-capacity-report/) regarding a compute deal for the Pentagon that could be worth billions of dollars. SpaceX had an estimated 1.4GW of data center capacity live as of June 30, 2026, but is aiming to cross 2GW by the end of the year and near [10GW](https://www.datacenterdynamics.com/en/news/spacex-earnings-2gw-of-compute-by-year-end-aiming-for-10-20gw-by-end-of-2027/) by the end of 2027. The company's xAI subsidiary was originally focused on developing its own LLM - Grok - and used the compute capacity at its Colossus data center in Memphis, Tennessee, internally. This seems to have taken a turn, however, with [CEO Elon Musk](https://www.datacenterdynamics.com/en/news/musk-spacex-xai-is-actively-seeking-more-ai-compute-customers-following-anthropic-deal/) revealing after the Anthropic deal that the company was actively seeking more data center compute customers. Its portfolio includes the Colossus 1 and 2 data centers. A [third data center](https://www.datacenterdynamics.com/en/news/xai-confirms-new-data-center-in-mississippi-elon-musk-pledges-20bn-investment-in-state/) is in the works, located in Southaven, and the company has [begun development on a fourth data center](https://www.datacenterdynamics.com/en/news/musk-confirms-fourth-spacexai-data-center-in-memphis-company-starts-removing-illegal-gas-turbines/) around Memphis, Tennessee. The company went public in [June](https://www.datacenterdynamics.com/en/news/spacex-goes-public-elon-musk-becomes-worlds-first-trillionaire/) of this year. Following its IPO, the company's value rapidly increased, bringing it close to [$3 trillion](https://www.datacenterdynamics.com/en/news/spacex-shares-keep-rising-company-worth-more-than-microsoft-and-amazon/). This has since come back down, however. It currently has a market cap of $2 trillion. Stay ahead of the latest cloud & hybrid channel trends. Subscribe to DCD. 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