Inconsistencies have emerged between SpaceX's IPO filings and CEO Elon Musk's statements regarding a computing power leasing agreement with Anthropic. According to CNBC, SpaceX's IPO prospectus indicated that Anthropic would pay $1.25 billion monthly until May 2029, with a 90-day termination option. However, Musk later stated that the agreement was a 180-day lease with a "mutually cancelable 90-day notice" clause. This discrepancy has raised concerns among analysts about SpaceX's revenue projections as a "neocloud" provider.
The IPO prospectus also revealed that SpaceX's capital expenditures reached $10.1 billion in Q1 2026, with $7.7 billion allocated to xAI, now known as SpaceXAI. The AI division reported an operating loss of $2.5 billion for the quarter. Scholars have suggested that SpaceX revise its S-1 documentation to address these inconsistencies.
Discrepancies in SpaceX IPO Filings and Musk's Statements on Anthropic Contract
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