- roughly 1B revenue per month is a good look for SpaceX
- provides some credibility to otherwise non-existent xAi business.
- pos. News for Google due to their share in SpaceX.
- can be interpreted as leasing versus building for Google, a nice Hedge on compute capacity.
- saves Capex for Google at time of horrendous GPU, memory costs.
It is only a bridge until 2029. What will be the value of the SpaceX data centers by then? Fine print matters on deal with Google. MS made billions up front payments to Coreweave. SpaceX has no upfront payments, has to stem Capex alone. Very favourable for Anthropic and Google.
- roughly 1B revenue per month is a good look for SpaceX - provides some credibility to otherwise non-existent xAi business.
- pos. News for Google due to their share in SpaceX.
- can be interpreted as leasing versus building for Google, a nice Hedge on compute capacity.
- saves Capex for Google at time of horrendous GPU, memory costs.
It is only a bridge until 2029. What will be the value of the SpaceX data centers by then? Fine print matters on deal with Google. MS made billions up front payments to Coreweave. SpaceX has no upfront payments, has to stem Capex alone. Very favourable for Anthropic and Google.