Overview
- The agreement, announced Tuesday, gives Reflection multi-year access to Nebius’s data-center capacity and Nvidia’s newest GB300 processors through the end of 2029.
- The contract follows a June compute pact Reflection struck with SpaceX that reports say costs roughly $150 million a month and together build a multi‑provider strategy.
- Nebius shares initially rose in premarket trade after the announcement but investor focus has shifted to the company’s heavy capital spending and how these deals will translate into cash flow.
- Reflection was founded by two former Google DeepMind researchers and has raised large funding from backers including Nvidia as it pushes open-weight models as a customizable alternative to closed providers.
- The deal highlights a wider industry trend of startups signing large, long-term compute contracts to overcome chip supply limits and reduce the risk of sudden access restrictions from single providers.