Anthropic is set to pay $1.25 billion monthly to SpaceX till May 2029, securing a regular revenue stream for Elon Musk’s company.
Earlier this month, Anthropic announced that it would use computing power from SpaceX’s Colossus data center in Tennessee to support its rapidly growing AI business and expanding customer demand.
SpaceX’s newly released S-1 filing for its planned IPO also revealed that Anthropic will tap into computing resources from the company’s newer Colossus 2 facility. Put simply, Anthropic is relying on SpaceX’s large-scale AI infrastructure to help power and scale its AI models as usage continues to rise.
The deal comes just when SpaceX is eyeing an IPO, making the secured revenue stream a plus point for the firm.
Parameters of the deal
According to the filing, Anthropic is getting discounted pricing for May and June as part of its agreement with SpaceX. The deal also gives both sides flexibility, allowing either company to walk away with 90 days’ notice if needed.
If the partnership remains in place for the full duration, SpaceX could generate more than $40 billion in revenue from Anthropic. The deal at present has the potential of becoming one of the largest commercial infrastructure agreements tied to the AI boom so far.
The filing further showed that SpaceX sees this as more than a one-off arrangement and expects to sign similar AI compute deals in the future.
According to the company, the structure helps monetize computing capacity that may otherwise remain unused, while still giving SpaceX the ability to redirect those resources toward its own internal projects later if required.
Supporting enough AI infrastructure to sell extra computing capacity to Anthropic has turned into an extremely expensive operation for SpaceX. The company’s S-1 filing shows that it is spending enormous amounts on GPUs, cloud services and the infrastructure needed to run large-scale AI systems.
According to the filing, losses tied to SpaceX’s AI operations grew more than fourfold last year to over $6 billion, mainly because of rising cloud expenses and the fast depreciation of costly AI chips.
In the first quarter of this year alone, those losses more than doubled again to nearly $2.5 billion.
The cost involved in purchasing AI hardware has escalated so much that SpaceX is now considering making its own GPUs, which according to the filing is among its significant capital investments in the future.
By doing so, SpaceX would ultimately have itself compete with NVIDIA, which holds sway in the manufacture of cutting-edge AI processors.
As it happens, SpaceX has found itself caught up in a complex situation with Google as it works on the AI front. This follows an arrangement signed between SpaceX’s Starlink and Google Cloud in 2021, where Starlink satellite dish antennas were installed at Google’s cloud data centers.
However, with SpaceX moving forward with its AI projects, a few other technology firms involved could soon emerge as rivals too.
SpaceX declares BTC treasury
According to SpaceX’s S-1 filing submitted to the SEC on May 20, 2026, the company held 18,712 Bitcoin as of March 31.
The filing showed that SpaceX acquired the Bitcoin at a total cost of around $661 million, which works out to an average purchase price of roughly $35,320 per coin.
At present, the figure is far larger than previous public estimates. Blockchain analytics firms such as Arkham Intelligence and Bitcoin Treasuries had earlier estimated that SpaceX held closer to 8,285 BTC based on visible on-chain wallet activity.
The reason for the gap appears to be custody arrangements. SpaceX explained in the filing that it stores part of its Bitcoin through third-party custodians rather than keeping everything in publicly traceable wallet addresses.
Since blockchain tracking firms can only monitor wallets they are able to identify directly on-chain, a significant portion of the company’s Bitcoin holdings remained hidden from public estimates until the filing was released.