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WSJ Tech News Briefing

TNB Tech Minute: SpaceX and Reflection AI Sign $6 Billion Data-Center Deal

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 22 June 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Shares of Getty Images nearly double following OpenAI agreement. And EV manufacturer Lucid will cut 18% of its U.S. workforce. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts of

0:06.8

traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus,

0:12.6

CEO of Deloitte U.S., talking about the transformational potential of Agenic AI. Join him later to

0:19.0

learn why agents are a game changer for businesses across industries.

0:24.4

Here's your afternoon TNB Tech Minute for Monday, June 22nd. I'm Julie Chang for the Wall Street

0:30.8

Journal. Reflection AI has agreed to rent data center capacity from SpaceX following similar agreements with Anthropic and Google.

0:39.9

The startup, which has a $25 billion valuation, is building a network of open source AI models.

0:46.5

According to a person familiar with the matter, the deal is among the first for SpaceX since

0:51.2

its public market debut earlier this month, and it'll give Elon Musk's company

0:55.7

$150 million a month in revenue, starting in July, through the end of 2029. But shares of SpaceX are

1:03.3

on track for their biggest one-day decline. The stock was down more than 13% in afternoon trading.

1:10.4

Meanwhile, shares of Getty images more than doubled,

1:14.0

but has since retreated some after the company disclosed a display agreement with OpenAI. Under the deal,

1:20.5

Getty said its licensed content libraries will appear across OpenAI search and discovery experiences

1:26.2

within ChatGPT, enabling the use of its content

1:29.4

within the AI platform. Gettie's stock is up nearly 90% this afternoon. Through Friday's

1:35.6

close, its shares had lost more than half of their value since the beginning of the year.

1:41.3

And Lucid Group will lay off about 18% of its U.S. workforce, including its C.O. The EV

1:49.3

manufacturers set the cuts affect full-time employees, contractors, and hourly workers, and would save

1:55.1

the company about $158 million a year. Lucid has been looking to streamline its structure, reduce costs, and align production with

2:03.3

anticipated demand.

2:04.9

This round of layoffs follows a 12% U.S. workforce cut it had announced in February.

...

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