6 ms·
How is SpaceX not making money? Total investment is 20-40B, rent to Anthropic for 45B over 3 years. Anthropic is also profitable now.
by btian 4mo ago
How is SpaceX not making money?
Total investment is 20-40B, rent to Anthropic for 45B over 3 years.
Anthropic is also profitable now.
- etempleton 4mo agoAnthropic is not profitable and does not expect to be revenue even until 2028. They are just losing less billions per year than everyone else.
- theptip 4mo agoAs always, free cash flow and unit economics are more interesting than net profit. By which metrics Anthropic is making a lot of money.
- fooblaster 4mo agohow exactly can you assume they have unit profitability
- theptip 4mo agoPlenty of analysis on this point, the inputs are not secret. Check out Semianalysis for example. They have something like 70% margin on inference.
- fooblaster 4mo agoso speculation from a semiconductor website. that's incredibly likely to be wrong
- satvikpendem 4mo agoWe will see once Anthropic releases their S-1 too this summer.
- deleted 4mo ago[deleted]
- theptip 4mo agoI think you should do a bit of research and come back once you have fixed your knowledge gaps.
- fooblaster 4mo agowhat research? it's private and there is large incentive to lie until ipo
- JimDabell 4mo agoThey had 40% margin on inference in 2025. https://archive.is/aKFYZ https://archive.is/aKFYZ You can quibble about the exact numbers, but I think it’s fairly clear at this point that inference is profitable with decent margins. Like you say, unit economics are more interesting than the profitability of the company as a whole.