SpaceX, Anthropic, and OpenAI’s hot IPO summer | Equity Podcast

Google commits $920 million monthly for AI compute

The search giant agreed to pay SpaceX nearly $1 billion per month for access to excess AI processing capacity originally built for Grok in Tennessee.

Anthropic signs comparable short-term contract

The AI safety startup secured a similar compute leasing deal that together with Google's agreement could more than double Starlink's annual revenue.

90-day cancellation clauses create revenue volatility

Both agreements can be terminated with just three months notice, making the massive revenue stream potentially unstable despite its scale.

Revenue pivot clashes with Mars mission narrative

SpaceX faces tension between promoting long-term space colonization dreams and admitting near-term reliance on terrestrial data center leasing as a CoreWeave-style infrastructure provider.

Partnerships with public rivals threaten deal stability

Elon Musk has historically criticized both Google over DeepMind safety concerns and Anthropic publicly, raising questions about deal durability once SpaceX becomes a public company subject to earnings calls.

Waymo acquires Apple's Arizona proving ground

The Google subsidiary purchased the 5,500-acre Wittmann facility for $220 million after Apple abandoned its Project Titan EV program, nearly doubling Apple's original $125 million purchase price.

Facility supports expansion beyond robotaxis

The proving ground includes a mini-city and high-speed tracks for testing Waymo's expansion into new vehicle form factors including the Zeekr van and Hyundai Ioniq 5.