TOP 10 Bitcoin Treasury Companies.
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SPACEX $SPCX SIGNS COMPUTE DEAL WITH REFLECTION AI WORTH UP TO $6.3B
Open-source AI startup Reflection gets access to Nvidia $NVDA GB300 chips at Musk's Colossus data center and will pay SpaceX $150M per month starting July 1 through 2029, totaling about $6.3B, per CNBC. Either side can exit on 90 days' notice after the first three months.
The deal adds to SpaceX's push to sell Colossus capacity to outside AI companies, following compute deals with Anthropic, Google and Cursor, which SpaceX is now acquiring.
Reflection, last valued at $25B, is building American open-source models to rival OpenAI, Anthropic and Google. It has not released a public frontier model yet but works with the Department of Energy's Genesis Mission and Pentagon AI efforts.
JUST IN: ๐จSTRATEGY BUYS 520 $BTC FOR ~$35M
Michael Saylor's Strategy sold 2.71M $MSTR, using some of the proceeds to grow their Bitcoin holdings to a whopping 847,363 BTC.
Strategy also increased its $USD Reserve to $1.4B, a $300M jump.
$RKLB: Today, Rocket Lab joins the NASDAQ-100
It places the company among the most influential and innovative businesses in the world, increasing visibility, attracting institutional capital, and cementing its place on the global investment stage.
NEWS: SpaceX's $60 billion all-stock purchase of Cursor is the largest acquisition of a venture-backed startup on record
SpaceX confirmed the deal in a securities filing on June 16.
The previous record was IBM's $34 billion takeover of Red Hat.
The payout is historic. Forbes pegs a16z's stake near $10 billion and values each of Cursor's four founders at about $2.7 billion.
SpaceX is paying entirely in its own stock, which has climbed nearly 50% since its June 12 debut.
The move folds Cursor's coding tools and enterprise data into xAI's Grok. SpaceX expects to close in the third quarter.