Comment by chvid
1 month ago
As far as I can Google the colossus data centers did cost about 7-10 and 18 B respectively.
Renting them out in part at 1.25 B pr month sounds like a very good deal for spacex.
1 month ago
As far as I can Google the colossus data centers did cost about 7-10 and 18 B respectively.
Renting them out in part at 1.25 B pr month sounds like a very good deal for spacex.
Opex and debt service will eat that cash flow.
It's really not.
can you elaborate?
Napkin math on 5 year depreciation is 5.5 billion per year for 28 billion. However the 28 billion is cash upfront, spacex is probably paying 10-20% interest on the 28 billion for another 2-6 billion per year.
So net you are looking at finance expenses of 7-11 billion per year. The electricity costs will be significant on top of that, but harder to get a solid read on.
Net of everything, spacex may be getting a 14-28 percent yield before paying for electricity. After electricity/insurance/data/taxes/other expenses - I’d guess it’s anywhere between 0% and 7% yield.
Odds are good that Anthropic abandons the deal before the depreciation schedule completes. Who is going to rent the GPUs then?
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We all know very little of that is gonna materialize long term.
Reality is that this is all to show some more (theorical) revenue and will be scrapped 6 months from now.