Every number, every deal, every catch from the SpaceX IPO filing — the AI compute-landlord story nobody put on a thumbnail

Get the Compute Landlord Breakdown

SpaceX just IPO'd at ~$2 trillion and everyone said rockets. But the filing tells a stranger story: Grok lost the AI race, so Musk rented the idle Colossus supercomputer to the rivals that beat it. Anthropic pays $1.25B/month to run Claude on it; Google $920M/month for Gemini — ~$26B/yr in rent, bigger than SpaceX's entire revenue. This breakdown lays out every number, both lease terms, the valuation math, and the 90-day-exit catch — all pulled straight from the SEC S-1, with clickable sources.

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