Anthropic Nears First Quarterly Profit, Agrees to Pay SpaceX $1.25 ...
Anthropic’s contract could send xAI more than $40 billion as the company sells unused server capacity ahead of a planned public offering.
- On Wednesday, a U.S. regulatory filing revealed that Anthropic committed to paying SpaceX $1.25 billion monthly through May 2029 for compute capacity from data center clusters near Memphis, Tennessee.
- Following a decline in usage for Grok, xAI's flagship AI assistant, the company accumulated excess capacity in its Colossus data centers that it needed to monetize.
- Either party can terminate the contract with 90 days' notice, while fees remain reduced during the capacity ramp-up for May and June as Anthropic secures resources.
- SpaceX's 'neocloud' model allows the company to offset infrastructure costs by selling spare compute, supporting its $1.75 trillion initial public offering valuation.
- Elon Musk, SpaceX CEO, recently noted the company is discussing similar service contracts with other firms to boost revenue ahead of its anticipated Nasdaq debut under ticker SPCX.
18 Articles
18 Articles
SpaceX reveals what Anthropic will pay for massive compute deal
SpaceX has disclosed the full financial details of its groundbreaking agreement with Anthropic, confirming that the AI company will pay $1.25 billion per month for dedicated high-performance computing resources. The revelation came through SpaceX’s latest securities filing in preparation for its initial public offering, shedding light on one of the largest compute deals in the artificial intelligence sector to date. The prospectus was released l…
Grok’s federal stall is undercutting SpaceX’s IPO growth story
Downloads have fallen from 20m in January to 8.3m in April, paid conversion is a fifth of ChatGPT’s, the $0.42-per-agency GSA deal is now stalled, and SpaceX has rented out the Memphis Colossus 1 cluster to Anthropic for $1.25bn a month. SpaceX’s S-1 filed on Tuesday rests on an AI-revenue line Grok is no longer […] This story continues at The Next Web
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