SpaceX lands $6 billion deal with open-source AI lab despite losing $600 billion in three days
Elon Musk’s SpaceX has secured a multibillion-dollar artificial intelligence deal, but the win comes at a time when the company is facing intense market pressure. Over the past three trading days alone, SpaceX has lost nearly $600 billion in market value, while its total decline from recent highs is approaching the $1 trillion mark as investors continue to dump the stock.
The company has signed an agreement with Reflection AI, an open-source AI startup, giving it access to some of the world’s most powerful AI chips housed inside SpaceX’s giant data center in Memphis, Tennessee.
