Did Anthropic and Google Just Give Investors 2.2 Billion Reasons to Buy the SpaceX IPO?

Ahead of SpaceX’s monster archetypal nationalist offering (IPO), expected connected Friday, June 12, the institution is demonstrating conscionable however rapidly it tin ramp up revenue.

On June 5, SpaceX announced a massive, new, astir three-year unreality work statement with Google.

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SpaceX agreed to supply Google with entree to astir 110,000 Nvidia graphics processing units (GPUs) and different compute infrastructure successful SpaceX’s artificial quality information centers.

In instrumentality for these services, Google has agreed to wage SpaceX $920 cardinal per period from October of this twelvemonth done June 2029.

If SpaceX fails to present this entree by September of this year, Google volition person the enactment to terminate the woody oregon judge entree to less GPUs astatine a little monthly cost.

Starting successful 2027, either enactment tin terminate the woody with 90 days’ notice.

The statement comes aft SpaceX disclosed successful its registration connection that Anthropic has agreed to a abstracted information halfway compute woody valued astatine $1.25 cardinal per period done May 2029.

Did Google and Anthropic conscionable springiness investors 2.2 cardinal reasons to bargain the SpaceX IPO?

SpaceX’s AI portion is precise important

SpaceX acquired its AI part earlier this twelvemonth erstwhile it purchased SpaceX Founder Elon Musk’s different company, xAI, valuing the concern astatine $250 billion.

XAI includes the societal media level X, Grok AI intelligence, and information centers that presently supply 1 gigawatt of compute capacity, with further powerfulness capableness available.

Image source: Getty Images.

SpaceX’s AI portion besides has plans to physique a ample terafab installation with Tesla and Intel susceptible of gathering 1 terawatt of compute infrastructure, specified arsenic chips.

So far, the AI portion has been a resistance connected SpaceX. In 2025 and the archetypal 4th of 2026, the AI portion had implicit $20 cardinal of superior expenditures.

In the archetypal 4th of 2026, the AI portion generated an operating nonaccomplishment of astir $2.5 billion.

Of course, this caller information halfway gross is simply a crippled changer. Assuming determination are nary disruptions successful either of these deals, SpaceX volition make implicit $26 cardinal of gross per twelvemonth from the Anthropic and Google deals.

SpaceX reported full gross of $18.7 cardinal successful 2025.

The AI portion is driving overmuch of SpaceX’s $1.78 trillion valuation. SpaceX believes the AI portion has a full addressable marketplace (TAM) of $26.5 trillion.

SpaceX besides said successful its registration connection that it yet hopes to motorboat 100 gigawatts of compute capableness to abstraction annually.