Google Is Paying $920 Million Per Month to SpaceX. Here’s Why Nvidia Is the Quiet Winner Nobody’s Talking About.

In the weeks ahead of its June 12 initial public offering, SpaceX racked up a couple of big deals to rent out parts of its data center capacity; one with artificial intelligence (AI) start-up Anthropic and one with Alphabet-owned Google. Both agreements will help SpaceX offset its AI infrastructure costs with recurring revenue streams.

In the background, however, these deals highlighted the AI industry dominance of another company: Nvidia (NASDAQ: NVDA).

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

Nvidia’s dominance on display

On May 6, AI start-up Anthropic agreed to rent compute capacity from SpaceX for more than $1.2 billion per month. The deal is set to run through May 2029, though each party is able to cancel the contract at any point with 90 days’ notice, according to SpaceX’s S-1 filing.

Then, on June 5, a regulatory filing showed SpaceX had inked a deal with Google. After an initial ramp-up period, that agreement will be worth $920 million per month and will run from October 2026 through June 2029. Starting in 2027, either company can end the contract with 90 days’ notice.

For Anthropic’s deal, it will lease the full capacity of…