Elon Musk's SpaceX (SPCX) has a lot riding on a successful Anthropic (ANTH.PVT) IPO and a strong start in public company life, perhaps more than SpaceX investors realized before the prospectus dropped. Anthropic's prospectus, released Monday, provides a more complete view of the SpaceXAI relationship than the original May agreement outlined in SpaceX's own S-1 earlier this year. The filing describes agreements entered into and amended between May and October 2026, with maximum compute spending of $120.5 billion over terms extending into 2029. Aggregate monthly fees reach approximately $3.1 billion once all capacity is delivered, which is expected in December. Fees differ during the ramp period. The original SpaceX disclosure was $1.
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