"If the doors of perception were cleansed every thing would appear to man as it is, Infinite" (William Blake) 🇺🇸 #Trump2020
Savannah
Joined April 2009
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Thomas B. retweeted
$RKLB starting to curl nicely here!
First BD came in around ~$50. Perhaps we'll see a second one if momentum persists?
It's nice to finally see some capital rotate back into space!
Thomas B. retweeted
$SPCX SpaceX has $40B of GPU debt, but it's backed by $14.6B a quarter of Starlink and launch revenue.
$CRWV CoreWeave made $2.58B last quarter, more than six miners combined.
But neoclouds borrowed for their chips. Miners mostly rent out buildings.
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
Thomas B. retweeted
ANTHROPIC AGREED TO SPEND UP TO $120.5B ON COMPUTE FROM SPACEX $SPCX
The deals are with SpaceX's AI unit, for access to Nvidia $NVDA chips
Once all the capacity is delivered, expected in December 2026, Anthropic will pay about $3.1B a month. The deals run into 2029.
After early periods ending in January and March 2027, either side can cancel with 90 days' notice.
