Key Takeaways
Elon Musk stated SpaceX may exceed the remainder of Earth’s whole worth if the corporate accomplishes its long-term targets.The declare adopted criticism of a reported Anthropic, xAI, and SpaceX deal tied to AI compute entry.SpaceX’s IPO, Nasdaq-100 inclusion, and inventory pullback now body the market take a look at round Musk’s declare.
Why Did Musk Defend SpaceX’s Scale In opposition to AI Deal Criticism?
SpaceX CEO Elon Musk responded after X person Thomas D. questioned whether or not a reported $7.5 billion to $40 billion Anthropic and SpaceXAI deal may develop into “the largest unforced error of the AI period.” The put up argued Anthropic could have strengthened a direct competitor whereas xAI’s Grok 4.5 appeared near prime intelligence at decrease value.
The criticism centered on person migration, compute economics, and Anthropic’s progress. Thomas D. instructed customers may shift most token trade to SpaceXAI whereas utilizing Claude just for prime duties. That situation, he argued, may switch Anthropic’s progress to SpaceXAI and complicate Anthropic’s IPO and talent to fund frontier AI improvement.
Musk answered with a broader valuation declare:
“You don’t appear to know that SpaceX will likely be value greater than the remainder of Earth if we accomplish our targets.”
The reply framed SpaceX’s worth round its largest ambitions, together with a future area financial system past peculiar Earth-based firm comparisons.
Anthropic signed a significant compute leasing settlement with SpaceX in Might 2026 for entry to Colossus 1, the Memphis AI supercluster constructed by xAI to coach Grok fashions. The deal gave Anthropic full entry to greater than 220,000 NVIDIA GPUs and over 300 MW of energy, at roughly $1.25 billion per thirty days. SpaceX filings described a multi-year ramp by means of Might 2029, implying a potential $30 billion to $40 billion worth, although Musk later stated the bottom lease runs 180 days with a 90-day mutual termination discover afterward.
How Did SpaceX’s IPO Put That Declare to the Take a look at?
SpaceX accomplished its preliminary public providing on June 12, 2026, pricing shares at $135. The corporate raised $86 billion, grew to become the most important IPO in historical past, and reached roughly $2.1 trillion in market worth on its first Nasdaq buying and selling day. Musk grew to become the world’s first trillionaire following the historic IPO. Nevertheless, based on Forbes, the milestone was short-lived, and he’s now not a trillionaire right now.
The SpaceX inventory (Nasdaq: SPCX) shortly grew to become an emblem of investor perception within the firm’s scale. Shares debuted at $150 and climbed 50% to an all-time excessive of $225.64 on June 16. The surge briefly pushed SpaceX’s valuation previous Amazon and close to $3 trillion earlier than issues grew over a bond providing, heavy Terafab knowledge middle spending, and upcoming insider lockup expirations.
The pullback sharpened the controversy. SpaceX shares fell 26% from the excessive, touched $145.20, then recovered barely to hover round $152. The corporate additionally entered the Nasdaq-100 on July 7, triggering about $4.3 billion in passive inflows as index funds purchased the inventory.
What Proof May Help Musk’s SpaceX Valuation Argument?
SpaceX has tied its market story to working scale. The corporate accomplished its eightieth Falcon 9 mission of the 12 months to deploy extra Starlink satellites. It additionally secured recurring income from Anthropic, which is paying $1.25 billion month-to-month for space-based AI compute entry.
The IPO reshaped SpaceX’s aggressive discipline. Smaller area shares akin to Virgin Galactic and AST SpaceMobile offered off as capital shifted towards SPCX. Blue Origin additionally used the space-sector increase to lift $10 billion at a $130 billion valuation, exhibiting how SpaceX’s public itemizing modified investor consideration throughout the trade.
Whether or not SpaceX reaches the size Musk described will depend upon sustained income progress, profitable infrastructure enlargement, and its potential to execute its long-term targets. The inventory’s retreat exhibits the market nonetheless exams that imaginative and prescient in opposition to capital wants and investor provide.