this post was submitted on 06 Jun 2026
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143
Google To Pay SpaceX $920 Million Per Month For Massive AI Compute Power (finance.yahoo.com)
submitted 1 day ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] gnutrino@programming.dev 8 points 1 day ago* (last edited 1 day ago) (3 children)

This isn't space based, this is traditional data center capacity that spacex acquired when it bought xAI. Although given the inclusion of a no-penalty termination clause if the required capacity isn't provided a cynic might suspect that Elon is just juicing expected revenues ahead of the IPO and that these contracts will quietly be discarded when the promised compute doesn't materialise...

[–] adarza@piefed.ca 5 points 1 day ago

cynic might suspect that Elon is just juicing expected revenues

given his reputation, previous actions, and thirst for even more wealth... anyone with more than three brain cells should see the scam being set up.

[–] OwOarchist@pawb.social 2 points 1 day ago (2 children)

I should really buy some puts on those IPOs... They are going to plummet so hard.

[–] gnutrino@programming.dev 3 points 1 day ago

I'd be wary of that given the detachment from reality of the TSLA share price. The market can stay irrational longer than you can stay solvent and all that.

[–] swab148@lemmy.dbzer0.com 2 points 1 day ago (2 children)

Can you trade options on a stock pre-IPO? I'd imagine those would be expensive af, but I've been out of that game for some time

[–] NotMyOldRedditName@lemmy.world 1 points 14 hours ago

There are things like warrants for pre ipo companies, but you'd need to be pretty wealthy to access it.

[–] OwOarchist@pawb.social 2 points 1 day ago (1 children)

Unfortunately not, I think. At least not for us mere mortals.

I'd have to wait until it's already being traded.

[–] swab148@lemmy.dbzer0.com 2 points 1 day ago

Sadge. Probably for the best though, if Tesla is any indication, this one will stay overvalued for no good reason, long enough to put off quick shorts anyways.

[–] NotMyOldRedditName@lemmy.world 2 points 1 day ago* (last edited 1 day ago) (1 children)

I wouldn't be surprised if he cancels all the contracts the first day possible after the IPO. He does have compute though, xAI built 2 huge data centres

[–] gnutrino@programming.dev 1 points 1 day ago* (last edited 1 day ago)

Sure, the question is does he have $2.17b/month worth of spare compute to cover this + the Anthropic deal after whatever compute grok is using is accounted for