Buried on page 13 of SpaceX's S-1 prospectus is the line item that has done more to justify a reported $2 trillion valuation than any other single disclosure in the filing.
Anthropic, the rival AI company that Elon Musk publicly called "evil" earlier this year, is paying SpaceX $1.25 billion every month for compute capacity inside the Colossus 1 and Colossus 2 data centers in Memphis. The filing describes the payments running through May 2029. Annualized, that amounts to $15 billion a year. Spread across the full term, the deal totals roughly $45 billion.
