According to The Wall Street Journal, Anthropic is on track to generate $10.9 billion in second-quarter revenue, more than doubling its first-quarter haul of $4.8 billion. The San Francisco-based startup expects to post an operating profit of $559 million in the June quarter, marking a significant milestone as it approaches its first quarterly operating profit. This financial performance underscores how demand for the lab's Claude AI has jumped significantly, with software developers using the technology for computer programming and enterprises deploying its top-shelf model Mythos to unearth vulnerabilities in their code.
As reported by CNBC TV18, SpaceX disclosed in its IPO filing that Anthropic has agreed to pay $1.25 billion per month through May 2029 for compute capacity. The deals now include both of SpaceX's AI training data center clusters, Colossus and Colossus II. According to the filing, either Anthropic or SpaceX can terminate the agreements with 90 days' notice, and fees would be reduced during the capacity ramp-up this month and next.
According to The Wall Street Journal, investor talks are underway on a funding round pegged at a $900 billion valuation, which would lift Anthropic above OpenAI, which was last valued at $852 billion during a March funding round. The projections provide a window into the meteoric rise of a startup that was once a laggard in the artificial-intelligence race, and defy the conventional wisdom that AI companies' huge spending needs hamper near-term profitability. Meanwhile, rival OpenAI has faced setbacks this year, missing internal revenue and weekly user targets in early 2026, even as it continues with IPO plans working with Goldman Sachs and Morgan Stanley on a confidential S-1 filing that could land as early as Friday.
According to CNBC TV18, Musk posted on X that SpaceX was in discussions with other companies about "offering AI compute as a service at significant scale," which would be a boost as its AI segment remains in the red. SpaceX's AI segment lost about $2.5 billion from operations in the March quarter, on segment revenue of $818 million, as reported in its IPO filing. The Anthropic deal represents a significant revenue stream for SpaceX as it continues to develop its AI capabilities. Anthropic itself is weighing a public listing as soon as October, signaling confidence in its rapid growth trajectory.
