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Barchart
Pathikrit Bose

SpaceX Bags AI Hosting Deal Worth More Than $1 Billion a Month. What This Means for SPCX Stock.

SpaceX SPCX Anthropic Bret Johnsen Google Earth Starlink

SpaceX (SPCX), the company led by Elon Musk, is known for its rockets and broadband service Starlink, but the company is now geared towards capturing the AI market. However, despite describing it as a $28 trillion opportunity, SpaceX is still a fringe player, so to make a splash, it is renting out compute to keep its seat at the table.

After inking deals with the likes of Google (GOOG) (GOOGL) and Anthropic, CFO Bret Johnsen revealed that the company has signed an AI hosting deal worth $1.11 billion a month, with annual recurring revenue of $13 billion.

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