Digging through Anthropics filing, and their numbers are crazy. One of the biggest winner is SpaceXSI:

- Anthropic’s IPO filing shows $974M in Q2 operating profit on $11.6B in revenue, up 1,368% year over year.

- First-half revenue reached $16.3 billion, roughly 14x the previous year. Operating cash flow was positive at $3.9 billion.

- Anthropic also disclosed up to $120.5B in spending on NVIDIA-powered compute through SpaceXAI, under agreements extending into 2029.

The $80.7 billion first-half net loss included $81.1 billion in non-cash charges tied to financial instruments. Reading that headline as cash burn badly misrepresents the business.

Looking very very good for Anthropic.