SpaceX Anthropic Deal Allocates 325,000 Nvidia Chips at $1.25B/month; LG Rally Follows Nvidia Meeting
NVDA•SpaceX will supply Anthropic with AI compute using about 325,000 Nvidia chips at $1.25 billion monthly through May 2029, with termination allowed after a three-month term and 90 days’ notice. LG Electronics shares quadrupled and surged 30% after reports of a June 5 meeting with Nvidia CEO Jensen Huang on robotics and physical AI.
1. SpaceX-Anthropic AI Compute Deal
SpaceX agreed to supply Anthropic PBC with AI computing capacity using about 325,000 Nvidia GPUs at $1.25 billion per month through May 2029, with either party able to terminate after a three-month term plus 90 days’ notice. This secures a long-term, high-value revenue stream for Nvidia and highlights growing enterprise demand for its GPUs.
2. LG Electronics Rally on Nvidia Meeting
LG Electronics shares have quadrupled year-to-date and surged 30% after a June 5 meeting was scheduled between LG Group leadership and Nvidia CEO Jensen Huang. The meeting aims to expand Nvidia’s Omniverse platform into robotics and physical AI, potentially boosting Nvidia’s role in manufacturing automation and autonomous systems.
