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IPO prospectus: Anthropic has agreements to pay SpaceX up to $84.5B to use its Nvidia-based compute through 2029, mostly cancellable with a 90-day notice period

Anthropic has agreements to pay SpaceX up to $84.5 billion to use the rocket and AI company's Nvidia-based computing capacity through 2029 …

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IPO prospectus: Anthropic has agreements to pay SpaceX up to $84.5B to use its Nvidia-based compute through 2029, mostly cancellable with a 90-day notice period

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The Information — IPO prospectus: Anthropic has agreements to pay SpaceX up to $84.5B to use its Nvidia-based compute through 2029, mostly cancellable with a 90-day notice period ↗

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Sep 29Sep 30

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Reuters: IPO prospectus: Anthropic reports a net loss of $42B in 2025, with operating losses of $8B+; revenue grew 12x to ~$4.6B, ~25% of which came from two customers

Reuters: IPO prospectus: Anthropic expects to spend $518B+ over 10 years with six partners on AI infrastructure; ~80% is non-cancelable or payable regardless of usage

The Information: IPO prospectus: Anthropic has agreements to pay SpaceX up to $84.5B to use its Nvidia-based compute through 2029, mostly cancellable with a 90-day notice period

Reuters: IPO filing: Anthropic's seven co-founders will initially have 50.1% of the total voting power through a new “Founder LLC” aimed at serving the common good

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Wall Street Journal: Anthropic is likely to tell IPO investors that its potential revenue opportunities are above $30T, topping SpaceX's $28.5T; Uber predicted $6T in 2019

The Information: Analysis: since October, Anthropic has entered into agreements for at least 14.8 GW of compute capacity and may spend as much as $517B over the next decade

Reuters: Anthropic is in talks to bring on Nvidia as an anchor investor in its IPO, seeking up to $100B at a ~$2T valuation; Nvidia may invest up to $10B

Reuters: IPO filing: Anthropic routed 47% of its sales, or ~$2.16B, in 2025 through cloud partners Amazon and Google; analysis: it paid ~$351M back in distribution fees

Bloomberg: Anthropic expects to match or beat the size of SpaceX's record-setting IPO, as it prepares to file publicly for its IPO as soon as the end of August

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