Anthropic is paying $15 billion a year for access to Elon Musk’s data centers | The Verge

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Anthropic is paying $15 billion a year for access to Elon Musk’s data centers

The financial details were included in Space X’s recently released IPO filing. It includes a clause in which either company can terminate the deal within 90 days.

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Earlier this month, Space X and Anthropic announced a new compute partnership that provides access to the rocket company’s Colossus data centers in Memphis, TN. Now, with the release of Space X’s IPO filing, we have more details about that deal, including how much Anthropic is paying to Elon Musk’s company.

In its S-1 filing, Space X said that Anthropic agreed to pay

1.25 billion per month through May 2029 for access to Space X’s AI training centers at Colossus I and Colossus II. That’s

15 billion annually, or nearly double the $18.7 billion in revenue that Space X reported in all of 2025.

The agreement includes a clause in which either company can terminate the deal within 90 days. And Anthropic’s fees will be reduced during the capacity ramp-up this month and next.

The exit clause was likely necessary based on the fast-moving nature of the AI industry. In some sense, Anthropic’s Claude competes with X’s Grok. And it’s a sign of how desperate AI companies like Anthropic are for compute capacity, especially as the data center build out across the country runs into serious local opposition.

In a post on X, Musk said that Space X stands ready to offer similar deals to other AI companies that want to access the data centers. Space X is “offering AI compute as a service at significant scale,” he said.

Space X has been spending enormous amounts of money on AI since the company merged with Elon Musk’s x AI earlier this year. According to the filing, the rocket company spent

12.7 billion in capital expenditures on AI in 2025, or about 61 percent of the total spend. It spent

7.7 billion in the first quarter of 2026, compared to just

1 billion on its space division. Space X’s AI division lost

6.3 billion in operations on

3.2 billion in revenue in 2025, and lost

2.5 billion on $818 million in revenue in the first quarter of 2026.

Meanwhile, Anthropic is cruising toward its first quarterly operating profit, with sales revenue expected reach at least

10.9 billion, more than double its

4.8 ⁠billion in revenue for the just-ended March quarter, Reuters reports.

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