SpaceX Has Landed Data Center Deals With Anthropic, Google, and Reflection That Could Be Worth Over $76 Billion Through 2029. Is That Enough to Justify Its Valuation?

Many people and investors scoffed at Space Exploration Technologies (NASDAQ: SPCX) and its founder, Elon Musk, when the company sought to raise over $75 billion at a $1.77 trillion valuation. That's primarily because the company generated only about $18.7 billion in revenue in 2025, posted a nearly $2.6 billion operating loss, and incurred over $30 billion in capital expenditures in 2025 and the first quarter of 2026.But SpaceX has shown that, beyond its space and Starlink businesses, it also has a burgeoning data center business that provides compute to some of the largest players in artificial intelligence (AI).SpaceX has now inked deals with Anthropic, Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google, and an AI start-up called Reflection, potentially worth over $76 billion in revenue (collectively) between now and the end of 2029. Is this enough to justify SpaceX's massive valuation?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool