πππWhile a USD 84.5 billion commitment from Anthropic sounds amazing, the confidential IPO prospectus disclosures reveal that this deal is not ironclad.
There is a clause in Anthropic's prospectus that said it can cancel this SpaceX's deal by giving the latter a 90 days' notice.
USD 84.5 billion is not guaranteed revenue. It is the maximum spending limit. For SpaceX, it means the revenue pipeline is remarkably fragile.
Moreover this money is just for a hardware lease for NVIDIA's GPUs at the Colossus data center on Earth, not in space.
My Take:
I will lay in wait for a pullback, not for the space narrative to materialise. The fundamental demand for AI compute capacity is real but the deal is not concrete.
It is still early days for SpaceX's narrative. While $SpaceX(SPCX)$ is a magnificent long term bet on Mankind's interplanetary future, it is best to let the AI & aerospace euphoria burn off before investing in SpaceX.
@TigerStars @Tiger_comments @Tiger_SG
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments