What the SpaceX offering could signal for OpenAI, Anthropic and the next wave of tech IPOs

Hello,

SpaceX’s market debut lived up to the hype. The stock closed Friday at $160.95, 19% above its $135 IPO price, putting Elon Musk’s $1.75 trillion valuation pitch directly in front of public investors.

But the first-day pop raises a harder question: what are investors really buying now? Last week, we hosted an exclusive subscriber-only conversation with our SpaceX reporting team. They discussed how SpaceX’s IPO could set the tone for the next era of tech listings, from OpenAI and Anthropic to the AI infrastructure companies racing to fund massive compute ambitions.

In this conversation, The Information’s Akash Pasricha sat down with Theo Wayt, Valida Pau and Cory Weinberg to break down:

• What investors are saying about SpaceX’s $1.75 trillion valuation
• How index funds, retail investors and institutional buyers could shape the stock’s early trading
• Why xAI’s compute deals with Anthropic and Google complicate the IPO story
• What the Cursor deal could mean for SpaceX’s AI ambitions
• How Starlink, Starship and orbital data centers factor into the company’s long-term pitch
• What SpaceX’s offering could signal for OpenAI, Anthropic and the next wave of tech IPOs

Subscribe $399 $299 and save 25% on the first year to watch the full conversation now.