Elon Musk Dismisses $120B Anthropic Exit Talk as SpaceX Plans $74B AI Push

SpaceX unveiled plans to invest more than $74 billion in artificial intelligence computing facilities as Elon Musk dismissed speculation about Anthropic abandoning a $120.5 billion agreement. The expansion comes as AI yielded more than half of SpaceX’s third-quarter revenue, with the Anthropic deal accounting for a substantial share. Elon Musk’s SpaceX (Nasdaq: SPCX) announced plans on Nov. 12 to invest more than $74 billion in two AI supercomputing facilities in Texas and Arizona. The expansion followed Musk’s response to speculation about Anthropic’s $120.5 billion computing agreement, linking the company’s ambitious spending plans to questions about future customer demand. SpaceX outlined its planned computing expansion , allocating more than $24 billion to its Starbase facility in Texas and approximately $50 billion to a proposed campus in Cochise County, Arizona.

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