Grok’s federal stall is undercutting SpaceX’s IPO growth story

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Downloads have fallen from 20m in January to 8.3m in April, paid conversion is a fifth of ChatGPT’s, the $0.42-per-agency GSA deal is now stalled, and SpaceX has rented out the Memphis Colossus 1 cluster to Anthropic for $1.25bn a month. SpaceX’s S-1 filed on Tuesday rests on an AI-revenue line Grok is no longer […]This story continues at The Next Web