THE_COMPUTE

company · Space & Frontier

SpaceXSPCX

Launch monopoly, Starlink operator, and — since absorbing xAI in the February 2026 $1.25T merger — a public AI compute company. Its June 2026 IPO was the largest in history ($1.77T pricing, $2T+ debut), and its S-1 stakes out a 100 GW orbital data center program its own risk factors admit may never be commercially viable.

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Relationships

xAI
  • dealSpaceX–xAI merger closes(acquirer ↔ target) Feb 2, 2026

Events

  • SpaceX–xAI merger closes

    All-stock merger folds xAI, Grok, and X into SpaceX at a combined $1.25T valuation — the largest private merger ever, with orbital data centers as the stated rationale.

    DEAL · Feb 2, 2026 · role: acquirer · concluded

  • SpaceX files for one-million-satellite Orbital Data Center system

    FCC accepts SpaceX's application for up to 1,000,000 satellites at 500–2,000 km, the regulatory foundation of the orbital compute program.

    POLICY · Feb 20, 2026 · role: applicant · developing

  • SpaceX IPO — largest in history

    SpaceX lists at $135/share ($1.77T valuation, ~$75B raised) and crosses $2T market cap on debut, taking the orbital data center thesis public.

    FUNDING · Jun 12, 2026 · role: issuer · concluded

Claims on record

  • SpaceX awarded Foxconn a $52 billion order for approximately 13,000 racks of NVIDIA GB300 AI servers

    UNVERIFIED · Wccftech · Jul 19, 2026

  • In June 2026, SpaceX signed a $6.3 billion compute deal for the Colossus 2 data center with Reflection

    UNVERIFIED · Wccftech · Jul 19, 2026

  • SpaceX signed an agreement with Anthropic providing access to 220,000 NVIDIA GPUs for $1.25 billion per month or $15 billion per year

    UNVERIFIED · Wccftech · Jul 19, 2026

  • SpaceX signed a Cloud Service Agreement with Google providing compute capacity equivalent to 110,000 NVIDIA GPUs for $920 million per month

    UNVERIFIED · Wccftech · Jul 19, 2026

  • SpaceX shares fell below their $135 IPO price for the first time.

    UNVERIFIED · CNBC · Jul 16, 2026

  • SpaceX acquired xAI in an all-stock merger on February 2, 2026, valuing the combined company at $1.25 trillion — the largest private merger on record.

    VERIFIED · CNBC · Feb 3, 2026

  • SpaceX applied to the FCC to operate up to one million satellites as the 'SpaceX Orbital Data Center system' at altitudes of 500–2,000 km.

    VERIFIED · FCC

  • SpaceX's S-1 risk factors state that orbital data centers may never be commercially viable.

    VERIFIED · SEC EDGAR

  • SpaceX's S-1 discloses an orbital data center program targeting deployment in sun-synchronous orbit as early as 2028, with a long-term goal of 100 GW of orbital compute per year requiring roughly one million metric tons to orbit annually.

    VERIFIED · SEC EDGAR

  • SpaceX priced its IPO at $135 per share (a $1.77T valuation, raising ~$75B) on June 12, 2026, and its market cap crossed $2 trillion on the first day of trading.

    VERIFIED · CNBC · Jun 12, 2026

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