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Elon Musk is steamrolling Wall Street to become a trillionaire
Today on Decoder, I’m talking to Ryan Mac, a technology reporter at The New York Times and coauthor of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I can’t recommend it enough. I wanted to have Ryan on the show because we’re on the cusp of the SpaceX IPO, which promises to be one of the most consequential public offerings in history for a variety of reasons — its biggest-ever size, of course, at nearly $2 trillion dollars, but also because all...
Google will pay SpaceX $920M per month for compute
SpaceX has lined up another compute deal ahead of its historic IPO, this time with Google. The company announced the deal in a regulatory filing on Friday. Under the terms of the deal, Google will pay SpaceX $920 million per month from October 2026 through June 2029 for access to “approximately 110,000 NVIDIA GPUs, CPUs, memory, and other related components.”
xAI is looking more like a datacentre REIT than a frontier lab
xAI is looking more like a datacentre REIT than a frontier lab An unexpected development over the past few weeks is xAI's new partnerships with Anthropic and Google, providing them with a huge amount of capacity. It's worth remembering that xAI is now part of SpaceX, after the two merged back in February - so the revenue from these deals flows straight into the entity about to go public. While much has been made of the potential financial engineering given SpaceX's upcoming IPO, I think...
Google to pay SpaceX $920 million a month for compute capacity at xAI data centers
Days before a planned IPO that's expected to bring in record sums of cash, SpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant. According to a regulatory filing on Friday, Google will use about 110,000 Nvidia graphics processing units, as well as central processors, memory and other components housed in SpaceX's data center. The agreement spans from October of this year through June 2029 at the $920 million rate,...
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO
SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO June 5 : SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking in computing capacity as it prepares for its highly anticipated U.S. stock market debut next week. As part of the deal, Google will pay SpaceX $920 million monthly from October this year to June 2029, with capacity ramping up through September at a reduced fee, Elon Musk's space venture said in a U.S....
Google will pay SpaceX $920 million a month to use xAI's data centers
Google will pay SpaceX $920 million a month to use xAI's data centers The company needs extra computing power for Gemini Enterprise. Google has just signed a $30 billion AI deal with SpaceX, which owns Elon Musk's xAI. According to a SpaceX filing with the Securities and Exchange Commission, it will receive $920 million a month from Google in exchange for computing power from xAI's data centers, starting in October this year until June 2029.
Google to pay SpaceX $920M a month for compute capacity at xAI data centers
Days before a planned IPO that's expected to raise record sums of cash, SpaceX has inked a deal with Google that will bring in $920 million a month by providing AI compute capacity to the search giant. According to a regulatory filing on Friday, Google will use about 110,000 Nvidia graphics processing units, as well as central processors, memory and other components housed in SpaceX's data centers. The agreement spans from October of this year through June 2029 at the $920 million rate, and...
Google to buy computing from Spacex at $920 million per month; filing shows 90 days notice period
Google has agreed to pay Elon Musk's Spacex $920 million a month for computing power as part of a cloud-services deal. According to a Securities Exchange Commission (SEC) filing by Spacex, the deal runs through mid-2029. As per the agreement, Google will pay Spacex the monthly fee from October through June 2029, with capacity ramping up through September at a reduced cost.
Wall Street needs a crash course in the token economy ahead of AI IPOs. SpaceX offers a preview
When OpenAI and Anthropic eventually exit the confidential IPO filing phase and make their prospectuses public, investors are going to be inundated with references to a term that remains unfamiliar to many on Wall Street: tokens. They're the new currency in artificial intelligence. They're how the big model companies get paid.
BYD to install thousands of 5-minute EV chargers across Europe
Chinese EV colossus BYD has announced plans to speed up its conquest of the European auto market with the rollout of superfast Flash Chargers across the continent. BYD has already installed the first new chargers in Germany and the UK, and plans to roll out 3,000 across Europe by the end of next year. At an estimated cost of €580,000 (about $670,000) per charger according to the Financial Times, that would mean a total spend of roughly $2 billion to install the network.