Long-term Offtake Agreement

Speaking on the All-In Podcast, Chamath argued that if data center scarcity drives spot compute prices up 2x to 3x, the long-term SpaceX-Anthropic compute offtake would turn negative-EV and force a repricing via its 90-day exit clause, regardless of the relationship between the two firms. The claim frames compute scarcity as a direct repricing and contract-credit risk for long-term GPU deals.