SpaceX’s AI division just went from side project to cash machine. A multi-year computing infrastructure deal with Anthropic, valued at roughly $1.25 billion per month, is projected to add $15 billion in annual AI revenue to a division that pulled in just $3.2 billion the year prior.
Jim Cramer highlighted the deal’s transformative potential during a segment aired on May 26, noting how the Anthropic contract fundamentally changes the economic profile of xAI, which SpaceX absorbed through an all-stock merger on February 2, 2026. The merger valued SpaceX at $1 trillion and xAI at $250 billion post-deal. Now, with the Anthropic lease running through 2029, the combined entity’s AI economics look dramatically different than they did just months ago.
The deal structure and SpaceX’s IPO timing
Anthropic is essentially renting computing power from SpaceX’s Memphis data centers. SpaceX built massive GPU farms, and instead of only using them internally, it’s now leasing that capacity to one of the most well-funded AI labs on the planet at a rate that works out to roughly $15 billion a year.
SpaceX began trading publicly on June 12, 2026, under the ticker SPCX, closing its first day at $161 per share. That gave the company a market capitalization of approximately $2.1 trillion. Walking into an IPO with a freshly signed contract that nearly quintuples your AI revenue is, to put it mildly, good salesmanship.
