The number that carried SpaceX into the largest initial public offering in history was not a launch cadence figure. It was roughly $75 billion of contracted artificial intelligence revenue, assembled in the six weeks before the June 12 listing and presented to investors as the evidence that the company had become something more durable than a rocket manufacturer. Anthropic agreed in late May to pay $1.25 billion a month through May 2029 for exclusive access to the Colossus 1 facility outside Memphis. Google followed on June 5 with $920 million a month from October 2026 through June 2029 for approximately 110,000 Nvidia GPUs, plus the CPUs, memory and supporting infrastructure around them. Two customers, three-year terms, a combined backlog larger than the annual revenue of most S&P 500 constituents. The roadshow wrote itself.