SpaceX Enters AI Cloud Market with Anthropic Deal Ahead of Planned IPO

Key Facts

1SpaceX is leasing its Colossus 1 data center capacity to Anthropic for $1.25 billion per month over three years.

2SpaceX is expected to go public on June 12, 2026, aiming to raise upwards of $75 billion.

3SpaceX subsidiary xAI invested $7.7 billion in AI infrastructure during the first quarter of 2026.

In a move reflecting the accelerating arms race in AI infrastructure, SpaceX is diversifying its revenue streams by leasing out massive data center capacity. The company is currently leasing its Colossus 1 facility to Anthropic for $1.25 billion per month under a three-year agreement. These developments come as SpaceX prepares for a highly anticipated IPO on June 12, 2026, aiming to raise upwards of $75 billion, bolstered by a $7.7 billion investment in AI infrastructure via its subsidiary xAI during Q1 2026.

This strategic shift places SpaceX in direct competition with cloud giants like Microsoft and Amazon, who dominate AI compute provision. According to market data, the valuations of Microsoft (MSFT) and Amazon (AMZN) are increasingly tied to AI-driven cloud growth, with Microsoft reporting a 31% increase in Azure revenue in its latest quarterly filing (per Microsoft Q3 earnings). SpaceX aims to leverage the high demand for Nvidia H100 GPUs powering its Colossus clusters to secure recurring revenue ahead of its public listing.

Investors should watch June 12, 2026, as a pivotal date to gauge market appetite for mega-cap tech IPOs. According to the economic calendar, the release of the FOMC Minutes on May 20, 2026, will be a key catalyst for broader market liquidity and interest rate expectations leading up to the offering. As SpaceX remains private, market participants will look to the performance of tech peers to estimate fair valuation levels at the time of listing.