Anthropic · S&P 500 · OpenAI · SpaceX · Elon Musk · Meta · The Atlantic Technology
Elon Musk Is Dropping a Boulder in a Kiddie Pool
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Elon Musk is about to set in motion a chain of events that will reshape the global financial order.
Key facts
- Consider that SpaceX, in the lead-up to its IPO, revealed that while it is seeking a nearly $1.8 trillion valuation, the company has lost $4.3 billion in the first three months of 2026
- Anthropic’s latest fundraising round valued the company at $965 billion, while OpenAI’s put it at $852 billion
- SpaceX will reportedly reserve up to 30 percent of its shares for these traders, much higher than the typical 5 or 10 percent
- His rocket company is targeting a valuation of $1.77 trillion, which would make it one of the 10 biggest companies in the world—bigger than Meta, Walmart, and, for that matter, Tesla
Summary
Updated at 4:20 p.m. All of this activity is less about colonizing Mars and more about providing the infrastructure for the AI boom: Musk wants to use his rockets to launch data centers into space, where there is abundant solar power to harvest. Anthropic and OpenAI, too, will likely be valued at $1 trillion or more, dwarfing JPMorgan Chase and Eon Mobil. These companies are not going public because they are moneymaking machines. Consider that SpaceX, in the lead-up to its IPO, revealed that while it is seeking a nearly $1.8 trillion valuation, the company has lost $4.3 billion in the first three months of 2026.