Latest Rackspace Technology News & Updates

See the latest news and media coverage for Rackspace. We track all announcements, press releases, and industry mentions in real time, all in one place.

Rackspace Technology (Rackspace)

Enterprise AI and multicloud services provider

rackspace.com

Headquarters: San Antonio, United States
Founded year: 1998
Company type: Public company
Number of employees: 6,500–10,000
Industry: IT Services & Consulting

Last updated Today

Latest news about Rackspace Technology (Rackspace)

In short: Rackspace expanded its AI infrastructure through NVIDIA and AMD partnerships as it reported a second-quarter net loss of $68 million.

Company announcements

September 9 Rackspace

Rackspace joins NVIDIA Cloud Partner Program

It announces Blackwell-powered AI infrastructure for regulated enterprises, combining NVIDIA compute with Palantir software and managed operations.

August 25 Rackspace

Rackspace launches Rackspace Cloud, a fully managed VMware-based platform

Powered by VMware Cloud Foundation 9.1, the service supports Kubernetes and AI inference while maintaining strict enterprise governance across US regions.

August 13 Rackspace

Rackspace appoints Chetan Gupta Chief AI Officer

Gupta, formerly of Hitachi, will lead Rackspace's Office of AI focusing on enterprise and sovereign AI strategy, governance, and adoption.

August 10 Rackspace

Rackspace reported Q2 2026 revenue of $670 million

Private Cloud revenue grew 5% to $263 million, while Public Cloud fell 2% to $407 million; net loss widened to $68 million.

Media coverage

September 17 Seeking Alpha

Rackspace Technology: The AI Pivot Is Real, But The Balance Sheet Is Still The Problem

Rackspace Technology, Inc. is a cloud computing company that has built a credible Enterprise AI strategy around technology companies like Advanced Micro Devices, Inc. ...

September 10 Benzinga

Nvidia, Palantir and Rackspace Just Built an AI Trifecta — Here s the Trade - Rackspace Technology (NASDA

Rackspace is combining Nvidia Blackwell chips and Palantir software into managed sovereign AI pods...

September 9 Yahoo Finance

Rackspace’s Nvidia Partnership Sparks Early Rally, But a $2.8 Billion Debt Load Remains

For organizations where governance, sovereignty, and uptime are non-negotiable, our role is to make that entire system work and remain accountable for the outcome. Alongside...

September 9 Yahoo Finance

Rackspace Technology Collaborates With Nvidia to Expand Sovereign AI Infrastructure

Learn more Rackspace Technology (RXT) said Thursday it plans to offer Nvidia's (NVDA) Blackwell artificial intelligence infrastructure for regulated enterprises and governments. The offering includes...

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