SpaceX's AI hashrate business transformation is expected to generate billions of dollars in monthly revenue.
SpaceX AI's external hashrate rental business is expected to generate billions of dollars in monthly revenue, according to sources cited by Wallstreetcn.com. One hashrate rental contract, valued at $1.1 billion per month, is set to commence in December. Reuters previously reported that Anthropic has committed nearly $45 billion to SpaceX AI's hashrate and added an additional commitment of nearly $40 billion. Musk posted on X last weekend that the company plans to bring online approximately 420,000 NVIDIA GPUs in November to expand its infrastructure. SpaceX AI initially declined to rent out hashrate but changed its strategy due to low utilization rates by xAI and a surge in external demand, setting a record by building its first data center, "Colossus," in 122 days. However, the business also faces challenges such as low GPU utilization, data center flooding, and management instability.
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