ipo6 articles
Anthropic Signs $19B, 20-Year Lease Despite Never Having Turned a Profit
Anthropic, which has never turned a profit, has signed a 20-year, $19 billion lease with datacenter operator TeraWulf for a 401-megawatt facility in Kentucky that isn't expected to be operational until 2027–2028. The AI startup's ability to meet its payment obligations depends on its continued success in raising capital, with an IPO expected later this year. The deal carries financial risk for both parties, as TeraWulf is restructuring its own assets to finance the project, leaving it exposed if Anthropic's fundraising falters.
Anthropic Snaps Up OpenAI's Second-Ever Chip Engineer Ahead of Rival IPOs
Anthropic has hired Clive Chan, who was the second hardware employee in OpenAI's custom chip program, as both companies prepare for IPOs. The move comes as Anthropic is reportedly exploring the development of its own AI chips, which could reduce its reliance on Google TPUs and Amazon hardware while improving profit margins. Chan's exact role at Anthropic is unclear, but his expertise in custom silicon design could help the company build a dedicated chip team.
SpaceX Is Renting Out Its Nvidia Chips to Google for $920 Million a Month
SpaceX has signed a $920 million per month deal with Google, running from October 2026 to June 2029 and potentially worth around $30 billion in total, granting Google access to approximately 110,000 Nvidia AI chips to support its Gemini Enterprise agent platform. The agreement comes ahead of SpaceX's IPO, where Google — which holds a roughly 5% stake — stands to benefit from a strong debut. SpaceX has also secured a separate $1.25 billion monthly deal with Anthropic, positioning itself as a major AI infrastructure provider by leasing out computing capacity originally built for Musk's own xAI lab.
SpaceX Is Burning $2.8 Billion on Gas Turbines While Regulators Circle Its AI Data Centres
SpaceX has committed over $2.8 billion to purchase gas turbines to power AI data centers for its xAI unit, which operates the Colossus 1 and Colossus 2 facilities in Tennessee and Mississippi. The investment comes despite public backlash, a lawsuit, and regulatory scrutiny over environmental concerns, including allegations that the company operated turbines without proper air permits. The disclosures emerged from SpaceX's IPO prospectus, as the company prepares to list on the Nasdaq stock exchange in the coming weeks.
SpaceX Tells IPO Investors That Grok's 'Unhinged' Mode Is, Officially, A Risk
In its IPO filing, SpaceX warned investors that Grok's "Spicy" and "Unhinged" AI modes pose significant reputational and regulatory risks, including ongoing investigations over allegations that Grok was used to generate sexualized imagery of apparent minors and several class action lawsuits. These risks emerged after SpaceX acquired Elon Musk's xAI startup in February, with the company setting aside $530 million for potential litigation losses. SpaceX's AI division, which includes X and xAI, recorded an operating loss of over $6.3 billion last year, though subscription revenues for Grok and X are growing steadily.
SpaceX's IPO Filing: Monopoly Ambitions, Mounting Losses, and Musk at the Controls
SpaceX has filed for a long-awaited IPO, arguing that its extreme vertical integration across rocket manufacturing, satellite deployment, AI, and data centre infrastructure makes it uniquely positioned to dominate a self-claimed $28.5 trillion total addressable market. Despite revenues of $18.7 billion in FY2025, the company posted a $4.9 billion loss, with losses accelerating into 2026. The filing grants Elon Musk near-total control as CEO, CTO, and board chairman, leaving investors largely betting on his vision and execution.