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SpaceX IPO Rallies 19% as Google, Anthropic Sign GPU Rental Deals Worth Billions Monthly

GateNews
StocksAI Industry News

According to Barron's, SpaceX shares surged 19% to $161.11 on their first trading day on June 12, compared to the $135 IPO price. The rally reflects investor optimism around the company's orbital data center ambitions and GPU rental business.

Google signed a cloud services agreement to rent approximately 110,000 Nvidia GPUs from SpaceX for $920 million monthly, while Anthropic committed to $1.5 billion per month for roughly 325,000 GPU units. Nvidia stock gained only 0.1% the same day, down 9% over the past month amid competition concerns in the AI chip market.

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