breaking

SpaceX IPO Clouded by Conflicting Details on Anthropic Deal

SpaceX's initial public offering faces fresh scrutiny after Elon Musk disclosed materially different terms for the company's Anthropic partnership than those in its IPO prospectus. The reusable rocket maker filed documents stating Anthropic would pay $1.25 billion monthly through May 2029 for compute capacity at its Colossus 1 data center in Memphis, Tennessee. Musk later clarified the arrangement as a 180-day lease with mutual 90-day cancellation rights, potentially reducing the deal's value from $15 billion annually to substantially less. The discrepancy matters significantly: SpaceX reported $18.7 billion in total 2025 revenue, making compute leasing a critical new revenue stream as the company competes with emerging neocloud providers. Legal experts flagged the conflicting narratives as problematic for investor valuations during the company's roadshow pitch.