SpaceX's AI division has undergone a financial transformation. A multi-year infrastructure deal with Anthropic, valued at roughly $1.25 billion per month, is projected to add $15 billion in annual revenue to the unit.
This contract, highlighted by Jim Cramer, fundamentally changes the economic profile of xAI. SpaceX absorbed the AI company through an all-stock merger in February 2026, which valued SpaceX at $1 trillion and xAI at $250 billion.
The deal structure is straightforward. Anthropic is leasing computing power from SpaceX's massive Memphis data centers. The lease runs through 2029, providing a long-term, high-value revenue stream.
The timing is strategic. SpaceX began trading publicly on June 12, 2026, under the ticker SPCX. Entering the public market with a contract that nearly quintuples the AI division's revenue transforms it from a speculative bet into a core business pillar. The division's revenue is now projected to jump from $3.2 billion to $18.2 billion.
This move positions SpaceX as a dominant AI infrastructure provider, mirroring the Microsoft-Azure model but with potential for higher margins due to direct ownership of the physical assets. The company's vertical integration creates a powerful competitive flywheel.