SpaceX & Alphabet Inc. — Google Cloud Platform

SpaceX: SpaceX, through its acquisition of Xai, has also entered the AI compute rental market, demonstrating the growing competition in this space that Meta Platforms is now joining.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform, a subsidiary of Alphabet Inc., will encounter new competition from Meta Platforms' cloud business, as Meta seeks to sell AI computing power and models, directly challenging established players.

SpaceX: SpaceX has secured a deal with Anthropic to provide GPU infrastructure through its Colossus 1 and Colossus 2 platforms, supporting Anthropic's compute capacity expansion. SpaceX is also reportedly preparing for a public listing.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform is one of the three largest cloud platforms where Anthropic's Claude AI model is available, and Google has signed deals with Anthropic for next-generation TPU capacity.

SpaceX: SpaceX reported strong Q2 revenue growth but saw its stock fall on AI spending concerns. The company's valuation remains high, and upcoming lockup expirations could pressure shares.

Alphabet Inc. — Google Cloud Platform: Alphabet's Google Cloud is a customer of SpaceX's AI compute.

SpaceX: SpaceX is an investment by Temasek, though not directly AI-related, it reflects Temasek's diversified portfolio.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform is a cloud service provider investment for Temasek, benefiting from AI cloud demand.

SpaceX: SpaceX signed a $45B compute lease with Anthropic in May 2026, providing a comparable deal. This highlights SpaceX's role as a compute provider.

Alphabet Inc. — Google Cloud Platform: Alphabet Inc. — Google Cloud Platform may see increased competition if Meta enters cloud computing, but the talks are preliminary.