{"text":[[{"start":9.95,"text":"SpaceX has signed a $920mn-a-month deal to lease computing capacity to Google, as Elon Musk’s rockets-to-AI conglomerate races to boost revenue ahead of a record-breaking initial public offering next week."}],[{"start":24.6,"text":"SpaceX on Friday disclosed the agreement in a Securities and Exchange Commission filing, which said the deal would be worth more than $30bn over the length of the contract. It follows an arrangement similar to one it inked with Anthropic, as Musk puts SpaceX’s role as an AI powerhouse at the centre of its future ambitions. "}],[{"start":45.900000000000006,"text":"The two deals combined will contribute more than $26bn to SpaceX’s annual revenue, boosting the company’s financial performance as it seeks an unprecedented $1.8tn valuation in next week’s listing."}],[{"start":60.050000000000004,"text":"But they also signal that Musk’s own Grok chatbot is lagging behind competitors. Google, Anthropic and OpenAI have been hunting for computing capacity to meet increasing demand for their tools. "}],[{"start":71.05000000000001,"text":"Earlier this week Google announced a record $85bn equity raise to fund its massive AI infrastructure spending."}],[{"start":79.15,"text":"The SpaceX-Google deal is the latest in a fast-growing web of tie-ups linking chipmakers, data centre operators and AI model-builders as Big Tech races to bring computing power online to satisfy surging AI demand."}],[{"start":93.15,"text":"Google Cloud said the two companies were “longtime partners” and said it was “a short-term, timely agreement to ensure we have bridge capacity to meet surging customer demand” for its AI models."}],[{"start":105.9,"text":"SpaceX has pinned AI as its largest market with research analysts at Goldman Sachs this week projecting revenues from the division would surge 100-fold to $322bn by 2030. "}],[{"start":118.05000000000001,"text":"Revenues of that scale would only be achievable if Musk can either create a leading AI model that captures what he estimates to be a $26.5tn market for the technology or if SpaceX becomes the dominant provider of AI infrastructure."}],[{"start":133.20000000000002,"text":"The billionaire’s ultimate ambition is to harness the power of the sun to power “orbital data centres” — satellite-based computing clusters. In a pitch to investors hosted by JPMorgan’s chief executive Jamie Dimon on Thursday, Musk said putting AI data centres in space would not be a “particularly difficult thing to do, and in fact easier than our communication satellites”."}],[{"start":156.3,"text":"“We do intend with our SpaceX AI satellites to allow people to put whatever [graphics processing units] or [central processing units] they want [on them],” Musk said, adding the rocket maker would someday send up 1 terawatt of “space compute” from Earth and 1,000 times that from a future manufacturing base on the Moon. "}],[{"start":175.9,"text":"SpaceX said in its SEC filing that the contract with Google includes access to 110,000 Nvidia GPUs and the other components and would be worth roughly $11bn per year until June 2029, though it could be cancelled by either side earlier. "}],[{"start":192.8,"text":"SpaceX’s computing capacity deals with Anthropic include access to 325,000 Nvidia GPUs at its Colossus facilities in Tennessee."}],[{"start":210.5,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1780717587_7561.mp3"}