Axios reports that SpaceX's financials reveal a company whose revenue and profits are significantly smaller than previously estimated by analysts and media, challenging its perceived status as a trillion-dollar behemoth despite its high valuation in private markets.
SpaceX's S-1 filing reveals Cloud Services Agreements with Anthropic, under which Anthropic will pay $1.25 billion per month through May 2029 for compute capacity across SpaceX's COLOSSUS and COLOSSUS II clusters, which also support SpaceX's own AI applications like Grok 5.
The post claims that SpaceX's upcoming IPO will be an exceptionally lucrative event for the technology sector.