Did Anthropic and Google Just Give Investors 2.2 Billion Reasons to Buy the SpaceX IPO?
Written by Bram Berkowitz for The Motley Fool -> Google and Anthropic are expected to soon start paying SpaceX nearly $2.2 billion per month in total for artificial intelligence-related compute capacity at SpaceX's data centers. These deals demonstrate how quickly SpaceX's AI u
Google and Anthropic are expected to soon start paying SpaceX nearly $2.2 billion per month in total for artificial intelligence-related compute capacity at SpaceX's data centers.
These deals demonstrate how quickly SpaceX's AI unit can ramp revenue.
Ahead of SpaceX’s monster initial public offering (IPO), expected on Friday, June 12, the company is demonstrating just how quickly it can ramp up revenue.
On June 5, SpaceX announced a massive, new, roughly three-year cloud service agreement with Google.
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SpaceX agreed to provide Google with access to roughly 110,000 Nvidia graphics processing units (GPUs) and other compute infrastructure in SpaceX’s artificial intelligence data centers .
In return for these services, Google has agreed to pay SpaceX $920 million per month from October of this year through June 2029.
If SpaceX fails to deliver this access by September of this year, Google will have the option to terminate the deal or accept access to fewer GPUs at a lower monthly cost.
