Musings on Markets: Revisiting the SpaceX Valuation: A Post-Prospectus Update!

kept by eddie jun 06

A finance professor updates his SpaceX valuation to $1.3 trillion after the IPO prospectus reveals heavy AI investment, dual-class control, and risky governance.

The SpaceX IPO and Data Centers in Space – Stratechery by Ben Thompson
SpaceX's $2T IPO lacks financial justification, but data centers in space for agentic AI inference could make the valuation plausible.
also on #ipo, Starlink, xAI, Elon Musk, SpaceX, #business-strategy
Why Elon Musk Is Racing to Take SpaceX Public - WSJ
SpaceX, long resistant to an IPO, now races to go public to fund orbiting AI data centers and help Musk's xAI compete with OpenAI.
also on #ipo, xAI, Elon Musk, SpaceX, Anthropic
Dario Amodei — The Adolescence of Technology
AI systems could reach superhuman intelligence within 1-2 years, posing five categories of existential risk including autonomy, misuse, economic disruption, and destabilization that require sober, surgical intervention. Amodei argues against both denial and doomerism, calling for pragmatic governance to navigate humanity's technological adolescence.
also on #governance, Anthropic
The AI agent bottleneck isn't model performance — it's permissions
Workday's Sana platform addresses the enterprise AI agent bottleneck by embedding permission governance directly into its system of record, solving identity and accuracy for HR and finance workflows.
also on #governance
Anthropic just overtook OpenAI with $1 trillion valuation
Anthropic hit a $1 trillion valuation on secondary markets, surpassing OpenAI's $880 billion, driven by rapid revenue growth.
also on #valuation, #startups, Anthropic, #business-strategy