据知情人士透露，Anthropic 是 SpaceX 最大的单一客户，在今年第三季度为埃隆·马斯克旗下的人工智能、卫星和火箭企业贡献了超过三分之一的营收。
PBC is SpaceX’s largest single customer, a person familiar with the matter said, accounting for more than a third of the revenue for Elon Musk’s artificial intelligence, satellite and rocket venture during the third quarter of this year.
SpaceX 上周在一份文件中披露，上一季度约 34.5% 的营收来自向其 AI 部门（现名为 Super Intelligence）付费的单一客户，该部门提供算力服务。知情人士称，该客户在文件中仅被标识为“客户 B”，实为 Anthropic。因细节属私密，该人士拒绝透露姓名。
SpaceX said in a filing last week that about 34.5% of its revenue during the last quarter came from a single client paying its AI division, now called Super Intelligence, which supplies computing power. That client, only identified as “Customer B” in the filing, is Anthropic, said the person, who declined to be identified as the details are private.
Anthropic 带来的营收已超越美国联邦政府的付款额，后者此前是 SpaceX 最大的单一客户，这凸显了 SpaceX 对一家拥有合同权利最早于明年退出交易的客户的依赖程度。
Revenue from Anthropic has surpassed payments from the US federal government, previously SpaceX’s biggest single customer, and underscores the exposure to a client with the contractual ability to exit the deal as soon as next year.
Anthropic 代表拒绝置评，SpaceX 发言人未回复置评请求。
thropic representative declined to comment, while a SpaceX spokesperson didn’t reply to a request for comment.
该营收源于 Anthropic 今年早些时候与 SpaceX 签署的协议，使用后者位于田纳西州孟菲斯数据中心的算力。马斯克一直在逐步将 SpaceX 的 AI 业务转型为所谓的“新云”模式，将其数据中心的算力租赁给 Anthropic 和 Alphabet 旗下的 Google 等客户。
The revenue comes from deals Anthropic inked with SpaceX earlier this year to use the firm’s computing power out of its data centers in Memphis, Tennessee. Musk has been slowly turning SpaceX’s AI business into that of a so-called neocloud, leasing out the capacity of its data centers to clients such as Anthropic and Alphabet Inc.’s Google.
这一押注在本季度已被证明颇具盈利性，AI 业务首次实现盈利，并助推马斯克承诺到 2026 年底实现 1000 亿美元的年度化流水营收。但这也使公司在华尔街对“新云”模式转为悲观之际，高度依赖单一客户。
That bet has proven lucrative this quarter, with the AI vertical turning a profit for the first time, and fueling Musk’s promise to deliver $100 billion on run-rate annual revenue by end-2026. But it has made the firm dependent on a single client at a time when Wall Street is turning against neoclouds.
在过去几周里，SpaceX 首席执行官马斯克一直在其社交网络 X（现归 SpaceX 所有）上评论“新云”板块的溃败。这包括发帖谈论 CoreWeave Inc. 的高收益债券，并寻求将 SpaceX 的业务与其他“新云”竞争对手区分开来。
Over the past few weeks, Musk, SpaceX’s chief executive officer, has been commenting on the neocloud rout on his social network X — now owned by SpaceX. That includes posting about CoreWeave Inc.’s high-yield bonds and seeking to differentiate SpaceX’s business from other neocloud competitors.
马斯克表示：“债务市场几乎已完全切断了任何没有独立于 AI 数据中心的大量收入的公司的融资渠道。”他指出，SpaceX 同时拥有 Starlink（星链）和发射业务收入。“这意味着 200 多家新云服务商将面临‘小鱼苗’级别的死亡与整合。部分能熬过去，但不会太多。”根据这家 AI 实验室的首次公开募股披露文件，Anthropic 同意在截至 2029 年的合同期内支出高达 1205 亿美元。
“Debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers,” Musk said, noting that SpaceX had both Starlink and launch revenue. “That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.”Anthropic has agreed to spend as much as $120.5 billion over the contracts that run until 2029, according to the AI lab’s initial public offering disclosures.
文件称，这相当于从今年 12 月起每月约 31 亿美元。不过，该 AI 实验室可在 2027 年 1 月和 2027 年 3 月分别提前 90 天通知取消与 SpaceX 的合同。
That would be about $3.1 billion per month, starting in December of this year, the filing said. However, the AI lab could cancel its SpaceX contracts by giving a 90 days notice after Jan. 2027 and March 2027, respectively.
文件还显示，Anthropic 还与 Nscale 和 Lambda 等其他新云服务商签有合同。
Anthropic also has contracts with other neocloud providers such as Nscale and Lambda, the filing said.
对 AI 算力合同收入的依赖显示，自火箭公司收购马斯克的 AI 创企 xAI 以来，SpaceX 在不到一年的时间里发生了多大变化。在 SpaceX 的大部分历史中，其与 NASA 和国防部的合同是最赚钱的。
The reliance on AI computing contracts for revenue shows how much SpaceX has changed in less than a year, ever since the rocket firm bought Musk’s AI venture xAI. For much of SpaceX’s history, its contracts with NASA and the Department of Defense were its most lucrative.
根据一份文件，第三季度 SpaceX 仅有两个客户贡献了超过 10% 的总收入。另一家客户（可能是其合作的政府机构的总和）在第三季度仅占 SpaceX 收入的 16.6%，但在 2025 年曾占公司收入的约五分之一。
SpaceX only had two clients that accounted for more than 10% of its total revenue on the third quarter, according to a filing. The other, which could be the aggregate of the government agencies it works with, represented just 16.6% of SpaceX’s revenue during the third quarter, but it had comprised roughly one-fifth of the company’s revenue in 2025.
马斯克还预测，曾是 SpaceX 最大合作伙伴之一的 NASA，在 2026 年将仅占 SpaceX 收入的 5% 以下。
Musk also predicted that NASA, previously one of SpaceX’s largest partners, would only represent less than 5% of SpaceX’s revenue in 2026.