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> This deal increases SpaceX's revenue by 30%, and pushes SpaceX into profitability. With this deal, SpaceX is eligible for S&P inclusion. You keep saying this
by otterley 5mo ago
> This deal increases SpaceX's revenue by 30%, and pushes SpaceX into profitability. With this deal, SpaceX is eligible for S&P inclusion.
You keep saying this even though you don’t present any evidence that it will make SpaceX profitable. Where are your numbers?
- tristanj 5mo agoSpaceX announced $26B/year in compute deals with Anthropic and Google in the past week. The margins on both deals are incredibly high, Google is paying around $11.75/hour per GPU. Infrastructure costs are far below that, SpaceX likely has 70-90% margins. These two deals are around $20B/year profit. In the preliminary S-1, SpaceX reported a $5B loss in 2025. Combining these numbers, that's a $15B profit, assuming losses are constant. Likely expenditures will increase, but even if losses double, that's a very healthy $10B profit.
- adestefan 5mo agoAnd Google will exit at 12 months when the S&P seasoning period and 4 quarters of profitability are satisfied.
- otterley 5mo agoWhere did you get your costs and margins from? I have direct experience in this business and I can tell you they’re usually not that high. These machines are also not cheap to power, cool, and house. As a comparison point, CoreWeave’s most recently reported operating margin was 16%.