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Anthropic nears profit, pays SpaceX $1.25B monthly

Anthropic nears first quarterly profit, pays SpaceX $1.25B monthly for AI compute. Rare profit in AI industry.

Olivia Taylor
ByOlivia Taylor- Senior Editor
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Anthropic is approaching its first quarterly operating profit. Sales are surpassing the high costs of AI development and deployment.

June quarter sales could reach at least $10.9 billion, more than double the $4.8 billion in March.

Operating profit is expected at $559 million in Q2.

Anthropic's finances show rising demand for its Claude AI. Developers and enterprises use the technology for coding and security.

Profit is rare in the AI industry, which faces high costs.

SpaceX's IPO filing revealed that Anthropic agreed to pay $1.25 billion per month through May 2029 for compute capacity at its Colossus and Colossus II data centers.

Either party can cancel with 90 days' notice.

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