SpaceX Q3 Earnings Report In-Depth Analysis: Anthropic's $50

2026-10-27 01:17 · 1 sources

"Money or Life" is a tech and aerospace stock investment community channel operated by KOL Ace, focusing on AI infrastructure and commercial spaceflight. The channel features data-driven in-depth analysis, making extensive use of AI-assisted research to generate PPTs, PDFs and videos. Recent focus has centered on SpaceX's Q3 earnings report, with in-depth interpretation of major customers such as Anthropic and the U.S. government as reflected in the 10-Q, and a comparison of the certainty differences between SpaceX and Meta in compute monetization pathways. It also published a breakdown of the interests behind a Tesla+SpaceX merger, tracking of RKLB Neutron carbon fiber process issues, and trend judgments on the AI compute bottleneck shifting from GPUs to power and cooling. Ace regularly publishes real positions and returns for large accounts, small accounts and simulated accounts, with a pragmatic and candid style.

**Overall stance**: Bullish but focused on position management

Viewpoint timeline, past 7 days

• **2026-10-21** SpaceX Q3 earnings flawless, trimmed 900 shares at 161.7: After the earnings report, Ace trimmed 900 shares of SPCX at 161.7, reducing the position to about 46%, concerned about the scale of unlock dilution and passive RKLB holdings. Also compiled Musk's earnings call arguments on the compute shortfall strategy and upside per GWARR.
• **2026-10-22** SpaceX vs Meta compute monetization comparison, merger analysis published: Compared SpaceX's clear compute monetization pathway with Meta's uncertainty. Broke down the Tesla+SpaceX merger mechanism from the perspective of Musk's 84% voting power, opened a new IBKR simulated account and established an RKLB position.
• **2026-10-23** 10-Q reveals Anthropic contributed 5 billion in revenue in a single quarter: The 10-Q showed Anthropic contributed 5 billion in revenue in a single quarter, accounting for 34.5% of total revenue, with U.S. government revenue rising from 1.4 billion to 2.4 billion. Published the merger PPT and the CMI compute monetization index PDF, and disclosed account returns.
• **2026-10-24** Watching midterm election prediction markets, analyzing IRDM earnings: Cited Kalshi and Polymarket midterm election prediction data showing Democratic probability of winning the House exceeding 90%. IRDM Q3 earnings were steady without explosive momentum; watching the integration results after RKLB's acquisition.
• **2026-10-25** AI compute bottleneck shifting from GPUs to power and cooling facilities: Quoted Musk's remarks on stranded compute, judging the bottleneck has shifted to powered and cooled data centers. Bullish for SpaceX and Bloom Energy, putting pressure on valuation expectations for NVDA and AMD.
• **2026-10-25** Neutron carbon fiber process difficulties delay first flight to 2027: Analyzed the curing process issue of voids caused by thickened carbon fiber layups, with two delays from a tank rupture in January and dome defects before October. Compared costs of the carbon fiber vs stainless steel routes; SpaceX switched to stainless steel in 2018.
• **2026-10-26** Simulated account added SpaceX, awaiting midterm election results: Added 400 shares of SpaceX in the simulated account then paused operations, keeping dry powder reserved for the midterm elections. Analyzed the differences between NeoCloud long-term contract financing models and SpaceX's short-term contracts with high premiums and vertical integration.

Sources (in-site messages)

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