5 ms·

Isn't SpaceX the only one of those that actually makes money?

aurareturn 5mo ago
Personally, I don't worry about profitability in the short term. If Anthropic is adding $15b ARR every single month, and their gross margins are 50%+ (per Dario), profits are inevitable. The thing I'm most worried about with SpaceX is bundling X.com, xAI with it. I don't want to invest in X.com nor xAI. Lastly, I don't my money tied to the Elon rollercoaster.
- tedd4u 5mo ago
  Can't wait to see where they stick the cost frontier model updates in the P&L. Maybe some kind of NRE they can amortize so it's outside of EBITDA?
- mrweasel 5mo ago
  I understand very little of this, but hasn't OpenAI burned so much money, which it now need to be recouped, making any profit short or long term is mostly a fantasy. If OpenAI IPOs, then investors will expect a return. OpenAI can't generate that, so they'll be forced to slash R&D, stop datacenter roll outs and layoffs, so what's left? A model that will grow stale in six month, massive commitments and debt?
- dminik 5mo ago
  How are the margins 50%+? There's an article from today where if they double their current revenue to $10.9B they will make ~$500M profit. Maybe I just can't count, but that's a margin of ~5% no? These numbers should be inference only: https://www.reuters.com/business/anthropic-nears-first-quarterly-profit-agrees-pay-spacex-125-billion-monthly-2026-05-21/ https://www.reuters.com/business/anthropic-nears-first-quart...
  - vanuatu 5mo ago
    gross margin doesnt include opex, capex, overhead etc
    - dminik 5mo ago
      [dead]
    - dminik 5mo ago
      On second thought, is this the reason anthropic is making these gigantic deals (1.2T to xAI, 200B to Google, >100B to AWS, 30B to Azure)? Is it just so that they can claim this is an amortized cost rather than a monthly reccuring operating cost?
guelo 5mo ago
seems unlikely as it owns twitter and grok, both being giant money sinks
sethops1 5mo ago
SpaceX is a money furnace. Read the S-1 that came out yesterday.

Personally, I don't worry about profitability in the short term. If Anthropic is adding $15b ARR every single month, and their gross margins are 50%+ (per Dario), profits are inevitable. The thing I'm most worried about with SpaceX is bundling X.com, xAI with it. I don't want to invest in X.com nor xAI. Lastly, I don't my money tied to the Elon rollercoaster.

tedd4u 5mo ago
Can't wait to see where they stick the cost frontier model updates in the P&L. Maybe some kind of NRE they can amortize so it's outside of EBITDA?
mrweasel 5mo ago
I understand very little of this, but hasn't OpenAI burned so much money, which it now need to be recouped, making any profit short or long term is mostly a fantasy. If OpenAI IPOs, then investors will expect a return. OpenAI can't generate that, so they'll be forced to slash R&D, stop datacenter roll outs and layoffs, so what's left? A model that will grow stale in six month, massive commitments and debt?
dminik 5mo ago
How are the margins 50%+? There's an article from today where if they double their current revenue to $10.9B they will make ~$500M profit. Maybe I just can't count, but that's a margin of ~5% no? These numbers should be inference only: https://www.reuters.com/business/anthropic-nears-first-quarterly-profit-agrees-pay-spacex-125-billion-monthly-2026-05-21/ https://www.reuters.com/business/anthropic-nears-first-quart...
- vanuatu 5mo ago
  gross margin doesnt include opex, capex, overhead etc
  - dminik 5mo ago
    [dead]
  - dminik 5mo ago
    On second thought, is this the reason anthropic is making these gigantic deals (1.2T to xAI, 200B to Google, >100B to AWS, 30B to Azure)? Is it just so that they can claim this is an amortized cost rather than a monthly reccuring operating cost?

guelo 5mo ago

seems unlikely as it owns twitter and grok, both being giant money sinks

sethops1 5mo ago

SpaceX is a money furnace. Read the S-1 that came out yesterday.