Theo Wayt

Anthropic could pay SpaceX up to $40 billion over the next several years to use compute from data centers, but either company has the power to call off the deal early, SpaceX revealed when it filed for an initial public offering on Wednesday.SpaceX is receiving $1.25 billion per month from Anthropic each month through May 2029, though either company can end the deal with 90 days’ notice,

SpaceX postponed its closely watched first Starship test launch of 2026 after encountering last-minute problems on the launch pad Thursday evening. In a post on X , CEO Elon Musk said the “hydraulic pin holding the tower arm in place did not retract” and said SpaceX would launch the rocket tomorrow if it can fix the problem overnight.The attempt was supposed to be the first test launch of

SpaceX held the first launch of the new version of its Starship spacecraft on Friday, successfully sending the craft from its Starbase Texas headquarters to space, where it deployed 22 test satellites. While the launch had some hitches, including an engine failure and an uncontrolled landing of its first stage booster, SpaceX touted the launch as a success.The company had previously aimed to

SpaceX is committed to renting its data center capacity to Anthropic for 180 days, though it could extend the deal for longer, CEO Elon Musk said Thursday.The comment provides more detail than language in SpaceX’s recent public S-1 filing. That document, which SpaceX published last week ahead of its IPO slated for June, said that Anthropic had “agreed to pay us $1.25 billion per month

SpaceX’s compute rental deal with Anthropic will run for a minimum of six months, according to an amended securities filing on Monday, providing an additional level detail that had not been included in the IPO filing the company made public in May.Anthropic’s agreement to pay SpaceX $1.25 billion per month to rent compute from its Memphis data centers will run for an “initial three-month

SpaceX is negotiating to pay the banks working on its potentially record-breaking initial public offering a smaller than normal slice of the proceeds even by mega-IPO standards, Bloomberg reported on Tuesday.SpaceX is aiming to raise about $75 billion, more than any other IPO in history, The Information has previously reported . Banks generally charge fees of 4% to 7% of capital raised on

Over the last few months, SpaceX’s chief financial officer, Bret Johnsen, has been trying to pull off an intense two-part challenge: Fold xAI into SpaceX—the biggest merger ever—and then take the combined company public at $75 billion in the largest IPO ever. Johnsen, 57, has gotten it done by ...

SpaceX’s Starlink is hitting new roadblocks with regulators India over concerns about how its satellite internet service has been used in the Iran war, Bloomberg reported on Tuesday.Iranian regulators have not approved Starlink, but the U.S. has smuggled thousands of terminals into the country, where SpaceX offers internet service despite not having permission to operate, the Wall Street

The U.S. military used xAI’s Grok to help plan its bombing missions against Iran earlier this year, according to a court filing from a Pentagon official.A Grok model is deployed as part of Maven Smart Systems, a government AI service, to support “vital national security missions” including targeting and intelligence, the Pentagon’s Chief Digital and Artificial Intelligence Officer Cameron

Open source AI startup Reflection will pay SpaceX $150 million per month for access to compute from its Colossus 2 data center, a person with direct knowledge of the deal said on Monday.The deal begins on July 1 and runs through 2029 but can be canceled by either company with 90 days’ notice, the person said. SpaceX also has deals to lease compute to Anthropic for $1.25 billion per month and