Three months ago, Elon Musk wrote on X that Anthropic was “evil,” “misanthropic,” and that the AI lab hated Western civilization. On Wednesday, he leased Anthropic one of his most valuable assets: the world’s biggest supercomputer. But Anthropic-lovers shouldn’t bask too long in Musk’s newfound praise (even if he did decide that “nobody set off my evil detector” ). The deal has little to do with them as a company, analysts told Fortune, and everything to do with an upcoming prospectus. SpaceX is expected to begin its public roadshow next month, with a confidential S-1 filed April 1 targeting a valuation between $1.75 trillion and $2 trillion. Wednesday’s announcement—paired with Musk’s dissolution of his AI company xAI into SpaceX (to make SpaceXAi)—gives the IPO something it didn’t have a week ago: a marquee AI customer for a credible cloud-infrastructure business. According to estimates from Antoine Chkaiban, an analyst at New Street Research, the Anthropic deal will generate $3 billion to $4 billion in annual revenue for SpaceX, with more than $2.5 billion in cash profit. The margins seem extreme, but that’s because the data center is already built: the fixed capital expense is sunk, and the only meaningful operating cost is electricity plus the relatively minimal costs of staffing the place. “He’s not going to want multiple billions of dollars of GPUs sitting idle,” Chkaiban told Fortune. “It’s a very good business decision.” Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/spacex-anthropic-deal-elon-musk-ai-landlord-evil/ submitted by /u/fortune
Originally posted by u/fortune on r/ArtificialInteligence