Daily Briefing: SpaceX's $1.77T IPO Sets the Bar for OpenAI and Anthropic

SpaceX priced its IPO at $135 per share on June 11, raising $75 billion at a $1.77 trillion valuation — the largest IPO in US history, surpassing Saudi Aramco. Demand was four times the available allocation. The episode examines why this is partially an AI infrastructure story, given SpaceX's orbital data center and satellite compute plans, and what the IPO's reception means for OpenAI and Anthropic, both of which have confidential S-1 filings on record. The growth math required to justify SpaceX's valuation is historically unprecedented at this scale, and the structural mechanics of index-driven forced buying create dynamics worth understanding.

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SpaceX prices shares at $135 for $75B raise in largest IPO in history at $1.77 ...