SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target

SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target Space Exploration Technologies Corp. ‘s (NASDAQ: SPCX ) Chief Financial Officer Bret Johnsen says the company has closed another compute agreement that would help the Elon Musk -led space giant reach its intended $100 billion ARR target by year-end. $1 billion Starting in December During Goldman Sachs Group Inc. ‘s (NYSE: GS ) Communacopia and Technology Conference on Thursday, Johnsen touted the new compute deal. “We closed another hosting deal, and that translates into about $1.11 billion a month starting December 1st of this year,” Johnsen said. He added that the figure adds over $13 billion in annual recurring revenue (ARR) for SpaceX as it charts a path to hitting $100 billion in ARR for SpaceX. “We have even more conviction now about that $100 billion ARR target ...