Axios reports Musk is reviving America PAC for a big GOP turnout push. The political press is covering the money. The tech story is what he owns now that he didn't in 2024 — and who regulates it.
SpaceX priced its IPO at $135 a share Thursday, a roughly $1.77 trillion valuation and the largest stock-market debut in history. It trades Friday as SPCX — the first of the season's three mega-offerings to actually cross the line. The public S-1 reveals a lopsided business: one profitable utility funding a pile of expensive ambitions.
OpenAI has confidentially filed for a U.S. IPO, following Anthropic and SpaceX toward the public markets. With a debut possibly as early as September at up to a $1 trillion valuation, the real test is whether the market can absorb three of the largest offerings ever in a matter of months.
Anthropic took 300 megawatts and 220,000 GPUs at SpaceX's Memphis data center on the same day Musk testified against Sam Altman. Compute, not ideology, is now setting deal terms at the top of the AI stack.