← May 21, 2026 briefing

SpaceX Files IPO, Reveals xAI and Anthropic Financials

Tech

SpaceX Files IPO, Reveals xAI and Anthropic Financials

SpaceX has filed its long-awaited IPO prospectus with US regulators, offering the first public look at the finances of Elon Musk's empire — including the revelation that xAI burned $6.4 billion in 2025 and is spending $2.8 billion on gas turbines for its data centers. The filing also exposed a striking deal: Anthropic is paying xAI $1.25 billion per month for compute, even as Anthropic prepares to announce its first-ever profitable quarter with projected revenue of $10.9 billion. SpaceX is targeting a valuation of $1.75 trillion under the ticker SPCX.

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Sources

SpaceX IPO Filing Reveals Anthropic Is Paying $15 Billion a Year to Access Its Data Centers

SpaceX IPO Filing Reveals Anthropic Is Paying $15 Billion a Year to Access Its Data Centers

Wired · May 20

Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.

Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.

TechCrunch AI · May 20

Anthropic will pay xAI $1.25 billion per month for compute

Anthropic will pay xAI $1.25 billion per month for compute

TechCrunch AI · May 20

SpaceX Is Spending $2.8 Billion to Buy Gas Turbines for Its AI Data Centers

SpaceX Is Spending $2.8 Billion to Buy Gas Turbines for Its AI Data Centers

Wired · May 20

xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over

xAI burned $6.4B last year — SpaceX’s IPO filing shows why the spending is far from over

TechCrunch AI · May 20

SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing

SpaceX Listed Grok’s ‘Spicy’ Mode as a Risk in Its IPO Filing

Wired · May 21

Photographer charged with stealing camera of Bondi shooting victim after attack

BBC · 1:23 AM

Anthropic on track for first profitable quarter

Financial Times · 12:23 AM

Indonesians sue government over deadly Sumatra flood response

Al Jazeera · 1:31 AM

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