Key facts
- Anthropic agreed to spend up to $84.5 billion on SpaceX computing resources through 2029.
- The agreement provides Anthropic with access to computing power on Nvidia chips.
- Anthropic can reportedly cancel most of the contract with 90 days
- Anthropic expects demand for advanced AI systems to continue rising.
- Anthropic expects to spend at least $518 billion on AI infrastructure over the coming years.
- The company has agreements with Google, Amazon, Microsoft, Broadcom, AMD, and other partners.
- Anthropic's long-term commitments include at least $111.1 billion with Google and $110 billion with Amazon.
- Another deal with Microsoft is worth approximately $31.4 billion for infrastructure services.
- Anthropic also has about $161.2 billion in equipment leases tied up with Broadcom.
- Anthropic has started moving beyond a cloud-only model, encompassing exclusive data centers, chip leases, and long-term access to computing resources.
- Anthropic confidentially filed for a U.S. initial public offering in June.
- Anthropic reportedly delayed its IPO to November.
- The AI startup reported nearly $4.6 billion in revenue for 2025.
- Anthropic's operating losses surged to over $8 billion in 2025.
- Anthropic held about $20.28 billion in cash, cash equivalents, and short-term investments at the end of 2025.
Anthropic has entered into a significant agreement with SpaceX, committing up to $84.5 billion for AI computing resources through 2029. This deal, revealed in confidential IPO documents, is part of Anthropic's broader strategy to secure the vast infrastructure required for developing and operating advanced artificial intelligence models.
The agreement with SpaceX provides Anthropic with access to computing power utilizing Nvidia chips. A key feature of this deal is its flexibility, allowing Anthropic to cancel most of the contract with 90 days' notice, a contrast to some of its other long-term infrastructure commitments.
Anthropic anticipates a continuous rise in demand for sophisticated AI systems and is proactively securing substantial capacity from various technology and infrastructure providers. The company's total expected spending on AI infrastructure over the coming years is at least $518 billion. This includes substantial commitments with other major players like Google ($111.1 billion), Amazon ($110 billion), and Microsoft (approximately $31.4 billion for infrastructure services). Additionally, Anthropic has around $161.2 billion in equipment leases with Broadcom, many of which have limited cancellation options.
The AI startup has also begun diversifying its infrastructure approach beyond a purely cloud-based model, now incorporating exclusive data centers, direct chip leases, and long-term access to computing resources. Anthropic confidentially filed for a U.S. initial public offering in June and has reportedly delayed its IPO to November, with the potential for it to be one of the largest ever if fundraising targets are met. For 2025, the company reported nearly $4.6 billion in revenue, though operating losses surged to over $8 billion, largely due to high spending on infrastructure and model development. Anthropic ended 2025 with approximately $20.28 billion in cash, cash equivalents, and short-term investments.