SpaceX filed an SEC Form S-1 for an initial public offering under the ticker SPCX. The company targets a record valuation between $1.75 trillion and $2.0 trillion.
The filing discloses a $45 billion cloud services agreement with Anthropic. Anthropic will pay $1.25 billion monthly through May 2029. This contract provides access to Colossus and Colossus II supercomputer clusters. These clusters house over 200,000 Nvidia GPUs.
Analysts expect the filing to immediately reprice public space and defense valuations. High losses in the AI division could weigh on broader market sentiment.