Anthropic is set to generate $10.9 billion in revenue for the second quarter, more than doubling its $4.8 billion in Q1 sales, potentially marking its first profitable quarter. The AI company, known for its Claude models, has seen rapid growth and is negotiating a $900 billion valuation funding round. Despite competition from OpenAI, Anthropic is expanding enterprise sales and infrastructure, including a $1.25 billion monthly compute deal with SpaceX. The company plans an IPO in 2026 amid rising demand and government interest in its advanced AI capabilities.
Anthropic has agreed to pay xAI $1.25 billion per month until May 2029 for the use of 300 megawatts of compute power from xAI's Colossus 1 data center. This deal, revealed in SpaceX's SEC filing, allows xAI to monetize its unused compute capacity, po...
Virgin Galactic reported Q1 2026 results confirming progress on operational milestones like Delta spaceship testing and flight schedules, supporting a stronger case for future commercialization. Despite ongoing cash burn and shareholder dilution, the...
