On Wednesday, Anthropic announced a computing power partnership with Musk’s commercial space giant, SpaceX, gaining access to the full computing capacity of SpaceX’s Memphis Colossus 1 data center. Under the agreement, Anthropic will obtain more than 300 megawatts of computing power, while also expressing an intention to collaborate with SpaceX in space to develop multi-gigawatt-scale computing capacity. This partnership will directly increase the computing capacity available to its paid subscribers, Claude Pro and Claude Max. Notably, before this agreement was reached—and after Musk merged SpaceX with his AI startup xAI earlier this year—he had repeatedly criticized Anthropic over conflicts with the U.S. government. However, on Wednesday, Musk changed his stance, posting on the X platform that he had been “impressed” by his exchanges with the Anthropic team’s leadership over the past week. Musk also revealed that xAI “will no longer exist as an independent company” and will be renamed SpaceXAI.
Since the launch of Claude Code, demand for Anthropic’s AI models has exploded. Last month, Anthropic stated that demand had caused “inevitable strain on infrastructure,” affecting “stability and performance” in user experience. On Wednesday, Anthropic CEO Dario Amodei said the company had originally tried to plan for 10x growth, but revenue and usage in the first quarter grew at an annualized rate of 80 times—explaining why the company has struggled to meet demand. To address the computing power crunch, Anthropic last month adjusted its pricing model for the enterprise-grade product Claude Enterprise, moving away from a fixed subscription fee and adding a pay-as-you-go model for actual computing power consumed, on top of a base fee of $20 per user per month.
Anthropic’s partnership with SpaceX is its latest move in scrambling for computing resources. According to recent reports, Anthropic has committed to paying approximately $200 billion to Google Cloud over the next five years for cloud computing power to train and deploy Claude. Last month, Anthropic also reached new cooperation agreements with Google and Broadcom (AVGO) to secure about 3.5 gigawatts of TPU computing resources, expected to come online gradually starting in 2027. Also last month, Amazon (AMZN) announced a further deepening of its strategic collaboration with Anthropic, whereby Anthropic will lock in up to 5 gigawatts of computing power from Amazon’s current and next-generation Trainium chips.
The strong demand for Claude is also directly reflected in revenue. Last month, Anthropic announced that its annualized revenue had surpassed $30 billion, a significant increase from $9 billion at the end of 2025. Third-party research firm Semi Analysis reported in early May that this figure had risen to approximately $44 billion. In terms of revenue structure, enterprise customers contribute over 80% of revenue, while the number of customers paying more than $1 million annually has exceeded 1,000. Meanwhile, according to sources familiar with the matter, Anthropic has launched its latest round of fundraising, expected to be approximately $50 billion, with a target valuation of around $900 billion. However, given the surge in investor demand, the final valuation is likely to exceed that figure.
