WuBlockchain’s WhiteLine Daily mapped out several fresh developments across AI compute, data center buildouts and chip companies, with SpaceX’s latest hosting contract and Nvidia’s talks with Anthropic standing out.
SpaceX says new AI hosting deal adds about $13 billion in ARR
SpaceX CFO Bret Johnsen said at the Goldman Sachs Communacopia + Technology Conference that the company signed another AI compute hosting agreement earlier this month. Starting on Dec. 1, the contract is expected to bring in about $1.11 billion in monthly revenue, equal to roughly $13 billion in annual recurring revenue, or ARR. The customer was not disclosed.
Johnsen said the new agreement leaves the company more confident in its goal of reaching a $100 billion ARR run rate by year-end based on December revenue annualized. SpaceX has already signed large compute contracts with customers including Google and Anthropic, according to the digest.
A previously disclosed Google agreement covers about 110,000 Nvidia GPUs, with monthly payments of about $920 million starting in October. Johnsen also said SpaceX expects its ground-based AI compute footprint to top 2 GW by the end of this year, with plans to expand that figure to 5 GW to 10 GW by 2027.
WhiteLine Daily said one compute contract alone added about $13 billion in ARR for SpaceX. If the company can preserve similar pricing and contract scale through its planned 5 GW to 10 GW expansion, expectations for its AI business revenue could move higher again.
Reuters says Nvidia is discussing up to $10 billion in Anthropic IPO investment
Reuters, citing people familiar with the matter, reported that Anthropic is in talks with Nvidia and wants the chipmaker to become one of the cornerstone investors in its planned IPO.
Anthropic is aiming to raise as much as $100 billion in the offering at a target valuation of about $2 trillion, the report said. Nvidia is discussing an investment of up to $10 billion, though the talks are ongoing and the final size and terms have not been set.
If a deal is completed on the scale now under discussion, Nvidia’s relationship with Anthropic would extend beyond GPU supply into equity investment. The digest noted that Anthropic will still need to keep increasing compute spending, while Nvidia is both a major hardware supplier and a potential source of capital tied to that expansion.
WhiteLine Daily said that if the full $10 billion investment is completed, Nvidia would become both a chip supplier and a major shareholder in Anthropic. That would improve funding certainty for continued compute expansion, while also drawing closer scrutiny to the connection between Nvidia’s investment activity and customers’ GPU purchases.
UAE reworks 5 GW AI data center project after Iranian attacks
The digest also said the United Arab Emirates is reassessing a 5 GW AI data center project that had originally been planned as a concentrated buildout in Abu Dhabi following recent Iranian attacks.
The original concept called for a large campus spanning about 10 square miles. Officials are now considering a distributed model with multiple data centers across different parts of the UAE to reduce the risk of concentrated losses from drone and missile strikes.
Options under review include putting some facilities underground, using blast-resistant materials and adding air defense systems. The project is led by G42 and has a total planned capacity of 5 GW. Its first phase, Stargate UAE, is sized at 1 GW, with G42 building it and OpenAI and Oracle operating it. Nvidia, Cisco and SoftBank are also involved. The first 200 MW had originally been scheduled to come online in 2026.
WhiteLine Daily said the shift from a single concentrated 5 GW campus to a plan that may include distributed deployment, underground engineering and air defenses shows that war has already raised the construction cost of AI data centers in the Middle East and may slow project delivery.
Enflame Technology jumps about 179% in STAR Market debut
On Sept. 11, Enflame Technology, a Chinese AI chip company backed by Tencent, listed on Shanghai’s STAR Market. The shares were priced at 142.18 yuan and closed their first day at 397 yuan, up about 179%, after trading as high as 475 yuan intraday. Based on the closing price, the company’s market capitalization reached about 171 billion yuan.
The IPO involved the issuance of about 43.04 million shares and raised about 6.12 billion yuan. Enflame develops chips for AI training and inference.
For 2025, the company posted revenue of about 990 million yuan, up 37% year over year, while still recording a loss of about 1.16 billion yuan. For the first nine months of 2026, it expects revenue of 2.3 billion yuan to 3 billion yuan, up 326% to 455%, with net losses narrowing to 700 million yuan to 860 million yuan.
Tencent held about 17.95% after the IPO and remained Enflame’s largest customer. Related sales to Tencent accounted for about 83.8% of the company’s 2025 revenue. WhiteLine Daily said that after the first-day valuation reached about 171 billion yuan, the next focus will be whether revenue growth can continue and whether the customer base can become less concentrated.
The day’s through-line: revenue scale, tighter ties and rising build costs
WhiteLine Daily said SpaceX has already shown that large-scale compute capacity can be sold into annualized revenue measured in the tens of billions of dollars, and Nvidia may deepen its ties with Anthropic through investment. The harder questions from here are whether data center costs will keep rising and whether high chip-sector valuations can be absorbed by later operating results.