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"DeepSeek Of The West" Reflection Inks Major Compute Deal With SpaceXAI
SpaceX shares tumbled for a third straight session, down around 9% late in the U.S. cash morning, after the Elon Musk-led company said it would sell investment-grade bonds for the first time.
However, a new headline crossed around 11:05 a.m. ET via Axios, reporting that Reflection, the Nvidia-backed open-source AI startup, had signed a major compute deal with SpaceXAI.
Under the deal, Reflection will pay SpaceXAI $150 million per month starting next Wednesday, July 1, through 2029, following an initial ramp period.
SpaceX $SPCX signed a compute deal with open-source AI startup Reflection AI for access to $NVDA GB300 chips at Colossus 2, per CNBC.
Reflection will pay SpaceX $150M per month starting July 1, 2026, totaling about $6.3B if the deal runs through 2029.
SpaceX has now signed… pic.twitter.com/CKOu4CUcjc
The deal gives the startup, founded by former Google DeepMind researchers Misha Laskin and Ioannis Antonoglou, access to Nvidia’s Grace Blackwell Ultra AI computing chip, also known as GB300, which is necessary to train its models.
Earlier this year, The Wall Street Journal described Reflection as the “DeepSeek of the West” because the AI lab aims to build open-weight, frontier-scale AI models as a direct alternative to China’s DeepSeek.
The deal highlights the circular flow of the AI boom, something we have noted countless times (see here and here). Nvidia invested $800 million in Reflection, which will now use Nvidia chips purchased by SpaceX. This allows the startup to avoid the multibillion-dollar burden of building out its own data centers and instead lease compute from hyperscalers.
With shares down 9% in late-morning trading, the Reflection-SpaceXAI deal was not enough to lift the stock, which is now down 25% from last Tuesday’s high of $225.
The Reflection-SpaceXAI deal also shows that SpaceX's massive compute buildout is not just for internal AI chatbots, but is also becoming a revenue-generating business, catering specifically to external AI frontier labs seeking high-end training capacity.
It may suggest that internal compute demand has been lackluster...
Last week, Yann LeCun, founder of AMI Labs, called xAI a "failure," adding that he expects it won't be able to compete with OpenAI and Anthropic.
The deal follows a similar deal that Anthropic made with SpaceX to expand cloud computing capacity.
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Repairs To Reflecting Pool Will Begin Immediately, Trump Says, Citing Vandalism
Authored by Aldgra Fredly via The Epoch Times,
President Donald Trump said on Sunday that work to repair the Lincoln Memorial Reflecting Pool in Washington will begin immediately after it was damaged by vandalism.
The Lincoln Memorial Reflecting Pool is refilled after it was repaired and repainting as part of President Donald Trump's “Make the District of Columbia Safe and Beautiful” initiative ahead of America's 250th anniversary in Washington on June 4, 2026. Madalina Kilroy/The Epoch TimesThe reflecting pool had been renovated ahead of the 250th anniversary of the country's Independence Day on July 4 under Trump's order, which included repainting its surface blue. But problems have emerged in recent days with algae blooming in the pool and peeling paint.
Trump said in a Truth Social post on June 21 that he inspected the pool and found it had been "seriously vandalized." He said the pool's condition left him wondering "who would do such a thing," adding that the damage will be fixed.
U.S. Attorney Jeanine Pirro told Fox News on Sunday that several citations have been issued to individuals accused of vandalizing the pool and warned that those responsible will be prosecuted to the fullest extent.
"Anyone who is in a position of vandalizing or attempting to vandalize the reflecting pool will face the criminal justice system in D.C.," she said. "The president has made it a priority to make D.C. not only safe, but beautiful."
Pirro also warned that anyone found to have poured products into the pool to generate algae could face more serious charges.
Trump said in a June 20 post that vandals destroyed the grass around the site and suggested some even poured "corrosive and destructive chemicals into the pool." He said the pool's water may need to be drained to allow repairs.
"They took some form of knife or blade, and put a 250 foot long gash into the beautiful facade of what took so much work, competence, and money to build and complete," he wrote.
Trump said authorities have made multiple arrests in connection with vandalism at the reflecting pool.
In a separate post on June 19, the president said that 75 percent of the algae in the reflecting pool had been removed and that the issue was expected to be fixed early the next week.
The reflecting pool stretches 2,030 feet long and 167 feet wide, with a depth of 30 inches at its center. Trump first announced in March that he was working with Interior Secretary Doug Burgum to clean up the pool in front of the Lincoln Memorial on the National Mall, which he said was "absolutely filthy" and should have been cleaned during the prior administration.
Trump also announced earlier this month that he plans to build a promenade connecting the Lincoln Memorial and the Potomac River. The Lincoln Memorial honors Abraham Lincoln, the 16th U.S. president, who led the United States through the Civil War. It sits at the western end of the National Mall overlooking the Reflecting Pool.
Tyler Durden Mon, 06/22/2026 - 11:05