Rohan Paul@rohanpaul_ai · XAnthropic此前承诺每月向SpaceX支付12.5亿美元GPU算力。Google新披露的云服务协议每月再付9.2亿美元（年化约110亿美元），两家AI实验室合计月付21.7亿美元，年化营收达260亿美元。Alphabet于2015年以约9亿美元入股SpaceX约7%，当前SpaceX目标IPO估值1.75万亿美元，其6.11%股份对应约1070亿美元，投资回报约97-119倍。业务转向显示AI算力正成为战略商品。
Anthropic previously committed to paying SpaceX $1.25B per month for GPU compute.
With the new Google cloud deal that was disclosed today， adding $920mil monthly， the two AI labs （Google + Anthropic） together are now collectively paying SpaceX $2.17B per month， a huge $26 billion annualized revenue run rate.
To note， Alphabet also has made a huge gain from backing SpaceX. Google invested about $900M in SpaceX in Jan-2015， for roughly 7%， when SpaceX's valuation was around $12 B.
And SpaceX now targets a $1.75T IPO valuation. A reported 6.11% Google stake at 12-25 would be worth about $107B at $1.75T， while a diluted 5% stake would be worth about $87.5B .
Against a roughly $900M entry cost， that implies around 97x to 119x on paper， before taxes， lockups， dilution， or any discount investors apply after trading starts.
The business shift is also important： Alphabet first backed SpaceX in 2015， partly for satellite internet， but the upside now includes Starlink， launch dominance， and newly filed AI compute contracts.