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Anthropic discloses up to $120.5B in SpaceXAI compute deals
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Its public S-1 says fees would reach about $3.1B a month once all capacity is delivered, expected in December 2026.
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SpaceX tells the FAA it expects 10,000 launches annually
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The FAA’s planning scenario reaches 10,000 annual launches and reentries across all operators by 2035.
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SpaceX is hiring to power its Starbase supercomputer
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A power-plant operations posting calls for a manager to oversee gas turbines and generators supporting the computer.
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New Analysis
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Starlink after 2030
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Read the introduction and executive summary free. Premium members unlock the full analysis.
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| Recent Podcasts |
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New Podcast
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SPCX Q3 Beat, 13 GW, Dual Catch | Episode 25
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Oct 22, 2026
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Aaron and Vlad review SpaceX’s third-quarter earnings discussion, focusing on the computing capacity it plans to build and how that capacity could be divided between internal products and external customers. They examine the proposed path to 13 gigawatts of computing power and the larger electricity supply that would be needed once facility overhead is included. A comparison of NVIDIA’s Vera Rubin chips with earlier hardware leads into a discussion of how greater output per watt could change replacement decisions for computers on Earth and in orbit.
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| Industry News |
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On October 27, Vandenberg Space Force Base supported a SpaceX Falcon 9 launch of Starlink Group 15-16, its 72nd launch operation of 2026 and a new modern calendar-year record. The base supported 71 launches in 2025. The Falcon 9 lifted off from SLC-4E at 12:25 a.m. PDT on booster B1082, flying for the 26th time.
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SpaceX job postings say Starbase power plant managers will oversee power generation systems supporting the Starbase supercomputer, including gas turbines and generators. The roles were first posted on October 27, and a commissioning lead role also cites gas and steam turbines. SpaceX has not announced the plant.
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On October 27, the FCC approved Amazon Leo's acquisition of Globalstar, clearing Amazon to take over Globalstar's satellite spectrum for direct-to-device service. The roughly $11.5 billion deal, announced in April, is expected to close in 2027. Amazon has filed for up to 5,105 direct-to-device satellites.
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Blue Origin job postings on October 27 sought a Sr Director to scale Florida launch infrastructure “from a single active launch pad today to multiple pads” and a director to design, build and activate its launch facilities at Vandenberg. A third posting seeks faster vehicle turnaround for “a much higher launch cadence.”
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On October 27, USA TODAY Network reported that SpaceX has paused Florida launches for about six weeks while it readies Starship at Kennedy's pad 39A. SpaceX VP Kiko Dontchev said on October 21 that the 39A Starship infrastructure is "effectively complete." The last Florida launch was a Falcon 9 on October 20.
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On October 27, SpaceX fired six engines on Starship Ship 42 at its Massey's test site near Starbase, NASASpaceflight footage showed, a day after a single-engine test. NSF said Ship 42 has now completed both static fires, paving the way for Flight 15 in November. SpaceX had not commented.
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On October 26, SpaceX told the FAA it anticipates conducting 10,000 launches per year itself, in a comment posted publicly on October 27. Elon later clarified that "10k Starship launches/year is just from Starbase Louisiana."
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On October 26, Cowboy Space unveiled Big Iron, a rocket whose upper stage stays in orbit as a 1 MW compute satellite. It is built for Stampede, a planned 20,000-satellite, 20 GW orbital AI constellation still pending FCC approval, and the company is targeting a first launch in 2028.
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On October 26, SpaceX fired a single engine on Starship Ship 42 at its Massey's test site near Starbase, NASASpaceflight footage showed. Ship 42 is the upper stage for Flight 15, whose Super Heavy booster completed a full-duration 33-engine static fire on October 25. SpaceX had not commented on the ship test.
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On October 26, Rocket Lab moved Neutron's Stage 2 and Thrust Module out of the Neutron Factory onto a barge bound through Chesapeake Bay for Launch Complex 3 at Wallops Island, Virginia. The company said the Thrust Module will go straight onto the LC-3 launch mount for checkouts, integrated fluids tests and module-to-launch-mount interface checks.
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On October 26, the Pentagon's Office of Strategic Capital announced a $150 million conditional loan commitment to Stoke Space to help fund a second launch pad at its Cape Canaveral complex. The new pad would serve the larger Nova Block 2, while the existing pad supports Nova Pathfinder. Stoke still had to meet diligence requirements before financial close.
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On October 26, Pimco reportedly bought a $4 billion slice of SpaceX's roughly $40 billion Apollo-led GPU financing, Bloomberg said, citing people familiar with the matter. Pimco took part of the A2 tranche, between the junior and senior debt, to be issued as 144a bonds. SpaceX had not confirmed Pimco's role, and the rate was not disclosed.
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On October 26, SpaceX said it had signed a binding commitment for an approximately $40 billion master finance lease for GPUs with an Apollo-managed entity, to deliver NVIDIA Vera Rubin chips for its terrestrial compute buildout. The deal was expected to close before year-end, with lease schedules starting on GPU delivery in H1 2027.
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Anthropic filed its public S-1 on October 26, disclosing that it agreed to spend up to $120.5B on SpaceXAI compute over terms into 2029. The filing put fees at about $3.1B a month once all capacity was delivered, expected in December 2026, or roughly $37B annualized. After non-cancelable periods ending in early 2027, either side could cancel on 90 days’ notice.
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On October 26, Starlink said Starlink Mobile was live across Brazil with Vivo, letting 50 million Vivo customers use apps and messaging in cellular dead zones, with 7 million phones already connected. Starlink called it the first nationwide service to cover an entire country and said a Starlink Mobile V2 service would follow.
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On October 26, Verizon CEO Dan Schulman said on the company's earnings call that SpaceX would need a minimum of four to six years and $300 billion to $500 billion to build a US mobile network, leaving it as the sixth competitor. Elon Musk replied that it “will take 2 or 3 years.”
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On October 26, Elon Musk said Raptor 4 will produce 300 tons of thrust at sea level while hopefully keeping about the same mass as Raptor 3. In a later reply, he said SpaceX can only reliably get to around 230 tons-force with Raptor 3, which SpaceX listed at 280 tf in 2024.
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On October 25, a public Anthropic S-1 had still not appeared on SEC EDGAR, though IFR reported that the company planned to file publicly on October 26 and start its roadshow on November 9, targeting up to $100B at a $2T valuation with Morgan Stanley and Goldman Sachs leading. Anthropic hasn’t confirmed the timeline.
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On October 25, the San Antonio Express-News reported that Boeing was installing Starshield on Air Force C-17 Globemaster jets at Port San Antonio under two contracts worth $13.5 million. Nine of 19 jets were done, with the rest due by March, and the Air Force expected follow-on deals to cover all 222 C-17s.
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On October 25, SpaceX static fired Super Heavy Booster 22 on the Pad 2 launch mount at Starbase, a test that NASASpaceflight showed live at about 9:22 a.m. ET and tied to preparations for Starship Flight 15. SpaceX had not yet commented on the test or disclosed its burn duration.
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On October 25, Elon Musk said SpaceX closed $40B of debt for GPUs, adding that debt markets had “almost entirely shut off” for companies without substantial revenue independent of AI data centers, and noting SpaceX is investment grade with Starlink and launch revenue. He predicted “guppy-level death and consolidation” among 200+ neoclouds.
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On October 24, SpaceNews reported that the Space Force shifted a next-generation missile warning satellite and a cislunar surveillance payload stack from ULA’s Vulcan to SpaceX’s Falcon Heavy, naming the two higher-energy missions among six moved off Vulcan, with ULA set to receive later SpaceX payloads in return.
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On October 24, Elon Musk said Ukraine’s military violated Starlink’s terms of service by using it for offensive drone strikes and that the loophole was closed last week, adding that Starshield is controlled by the US government; in a later reply, he said violation of those terms will result in end of service.
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On October 24, Elon Musk said that Starlink V3, “which only just started launching,” will have “~100 times more bandwidth than the current V2 system”, replying on X to a third-party post charting Starlink’s paying subscriber growth.
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On October 24, Elon Musk said agentic demand is “growing faster than I’ve ever seen anything grow”, replying to a post arguing that the only legitimate case against SpaceX’s guidance for its Super Intelligence and Connectivity segments is that agentic demand is nearing an S-curve slowdown.
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On October 24, SpaceX lifted Starship Booster 22 onto the Pad 2 launch mount at Starbase after an overnight rollout from the production site, ahead of what NASASpaceflight called a potential weekend static fire test for Flight 15, with Boca Chica beach closures posted for October 25 and 26.
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At its Artemis briefing on October 23, NASA showed a SpaceX development milestones slide placing a first V3 booster catch, first ship catch, 39A pad completion and first Cape flight in Q4 2026, a propellant transfer demo in Q1 2027, uncrewed demo tanker flights in Q3 2027 and an uncrewed lunar landing mission in Q4 2027, ahead of Artemis IV in 2028.
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On October 23, Aer Lingus said all of its U.S. routes now come with Starlink Wi-Fi, which it offers free in every cabin; in March it had targeted Starlink across its long-haul fleet by Q1 2027. Elon Musk called it “a cunning move” on October 25.
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SpaceX's Q3 10-Q, filed on October 22, showed a $561 million unrealized gain on its Boring Company stake, recorded in other income after Boring completed a new funding round in September. SpaceX carries the stake at fair value. Boring had announced a $3 billion Series D at a $23 billion valuation on September 10.
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CTIA told the FCC on October 22 that it, AT&T, T-Mobile and Verizon met aides to Chairman Carr and Commissioners Gomez and Trusty on October 20 to urge removing the 2.5 GHz and 3.45 GHz bands from the draft satellite-to-phone rules, calling SCS in those TDD bands technically infeasible. The draft was set for an October 29 vote.
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Tesla's Q3 10-Q, filed on October 22, says its board has formed a special committee of disinterested directors to explore deepening ties with SpaceX, possibly through a business combination, which would need the committee's backing and any required shareholder approval. Musk said on October 20 that both companies had formed committees.
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An FAA CADENA planning deck dated October 22 lists Blue Origin's next New Glenn launch for December 28, alongside Starship Flight 15 on November 8. It would be New Glenn's return to flight after the May 28 hotfire explosion at LC-36, in line with Bezos's October 7 comment that it would fly again in December. Planning dates often slip.
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Bloomberg reported on October 22 that SpaceX was in talks with tower companies, including Crown Castle, for access to at least 80,000 US cell sites, about half of the country's purpose-built towers. SpaceX did not immediately comment. AT&T, Verizon and T-Mobile shares fell 4.2% to 5% in extended trading. It follows SpaceX's 800 MHz spectrum deal.
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SpaceX's Q3 10-Q, filed on October 22, showed that a single Super Intelligence segment customer accounted for 34.5% of Q3 revenue, up from 10% or less a year earlier. The filing did not name this "Customer B". Customer A, spanning all three segments, was 16.6%. Backlog stood at $62.96B at September 30. SpaceX reported Q3 results on October 20.
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Reportedly, SpaceX was working on dual flows for its next Starship missions, with Flight 15 set for mid-November from Pad 2, NASASpaceflight said on October 22. Flight 16's vehicles were expected to head to Florida for a launch from KSC's LC-39A. An FAA planning deck had listed Flight 15 for November 8.
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| Mach33 |
| The Space Finance Group |
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