Re:Google will pay SpaceX $920M per month for compute
by tristanj on Sunday June 07, 2026 @03:38AM
(#48432734)
SpaceX announced $26B/year in compute deals with Anthropic and Google in the past week. The margins on both deals are incredibly high, Google is paying around $11.75/hour per GPU. Infrastructure costs are far below that, SpaceX likely has 70-90% margins. These two deals are around $20B/year profit. In the preliminary S-1, SpaceX reported a $5B loss in 2025. Combining these numbers, that's a $15B profit, assuming losses are constant. Likely expenditures will increase, but even if losses double, that's a very healthy $10B profit.
[ Parent
| on HN ]
Re:Google will pay SpaceX $920M per month for compute
by adestefan on Sunday June 07, 2026 @08:33AM
(#48434194)
And Google will exit at 12 months when the S&P seasoning period and 4 quarters of profitability are satisfied.
Re:Google will pay SpaceX $920M per month for compute
by otterley on Sunday June 07, 2026 @10:01AM
(#48434969)
Where did you get your costs and margins from? I have direct experience in this business and I can tell you they’re usually not that high. These machines are also not cheap to power, cool, and house.
As a comparison point, CoreWeave’s most recently reported operating margin was 16%.