$SPCX If Anthropic leaves, SpaceX gets scarce compute back, and that's the part the bears are missing. On the Q3 call, Musk said short-term compute contracts are renewing at higher dollars per watt and SpaceX could rent its compute "several times over" if it said yes to everyone. The CFO added that new deals are pricing slightly above the high end of the $30 to $50 per watt range. Demand is there. Google already pays SpaceX about $920M a month, hyperscalers and dozens of smaller firms are asking for capacity, and Grok and Cursor can absorb whatever comes back. Musk's stated goal is roughly a 50/50 split between internal use and renting to others. Pricing is also moving SpaceX's way. GPU rental rates rose about 7% in November, and Anthropic's own S-1 says its short-term compute costs significantly more than its multi-year deals. The 90-day exit cuts both ways. Anthropic can walk once the non-cancelable periods end in January and March 2027, but so can SpaceX, and SpaceX is the one holding the scarce asset.