In his early Monday morning X post, Elon Musk promised to “give one of my SpaceX shares to every kid in America” next year. The Tesla founder also teased future giveaways, writing that it is “the first of many.” However, Musk did not go into detail on how the giveaway would work or who qualifies for the “kid” designation. Per the Census Bureau data, over 72 million people are under the age of 18 in the US. SpaceX’s SPCX stock closed at $146.03 per unit on Friday. At that rate, the giveaway Musk promised for 2027 would be worth a little over $10.5 billion.

Musk also teases future giveaway

Before Musk’s October commitment, SpaceX COO Gwynne Shotwell made a similar share pledge to 2 million Trump accounts. That gift is worth close to $300 million at current prices. The nearly $11 billion Musk promised is nearly double the record-breaking gift Michael Dell made to federal Trump accounts. Musk’s SpaceX share commitment came one day after Anthropic said it would commit at least 5% of its equity to a new public benefit fund, as Cryptopolitan reported.

The entity could be worth $100 billion or more at the IPO valuation the company is rumored to be pursuing. Anthropic said it would set up a separate corporation to hold the shares and make donations. Musk reacted directly to the news, writing, “I recommend giving the shares directly to the public.” The SpaceX founder added, “This is what I will be doing.” Musk was not the only critic. Business Insider reported that Altimeter Capital CEO Brad Gerstner warned about “foundation wealth concentration” despite praising the “extraordinary gift.”

He also added that he hoped a chunk of AI wealth would arrive as “a direct dividend.” NYU professor Gary Marcus was harsher, writing that “Anthropic is playing games here” and that the plan “reeks of desperation.” Patrick Moorhead of Moor Insights and Strategy asked why the company did not simply hand the money to citizens who “would know what to do with the money better than bureaucratic institutions.”

Musk’s jab is directed at a company his SpaceX does business with. As Cryptopolitan reported, Anthropic pays SpaceX $1.25 billion a month for compute through May 2029, a run rate near $15 billion a year, and Musk earlier called the lab “clearly” the current leader in AI after walking back a 2025 dismissal.

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The talks are still private, and the terms can change. The sources asked not to be named because the discussions are confidential. Nvidia’s role has not been reported before. If the chipmaker signs on early, Anthropic will have a large investor committed before the broader sale begins. That matters because giant IPOs often use anchor buyers to secure part of the offering before the shares are marketed to everyone else. The size also turns the listing into a direct test of how much public investors are willing to pay for frontier AI companies that need enormous amounts of capital. Nvidia would enter not just as a financier, but as a supplier to one of its major customers.

Nvidia eyes investment in the IPO before it becomes public

Anchor investors normally agree to buy a fixed part of an IPO before wider demand is tested. That model is now common in very large listings because the companies are raising huge amounts. Arm Holdings (NASDAQ: ARM) used Nvidia and Amazon (NASDAQ: AMZN) as anchor investors when it went public. Saudi Arabia’s Public Investment Fund also took an anchor position in SpaceX. The possible Anthropic deal would also add another layer to Nvidia’s existing relationship with the Claude developer.

Anthropic uses large numbers of Nvidia GPUs to train and run its models. At the same time, the company is trying to use more than one chip supplier because demand for Claude has pushed its available computing capacity hard. Nvidia already said in November 2025 that it planned to invest as much as $10 billion in Anthropic through a wider partnership. Under that arrangement, Anthropic agreed to spend $30 billion on Microsoft Azure computing capacity powered by Nvidia hardware.

Amazon and Google, owned by Alphabet (NASDAQ: GOOGL), are also Anthropic investors and major compute providers. In April, Anthropic said it planned to spend more than $100 billion with Amazon Web Services over ten years and use more than 1 million Amazon Trainium2 chips. The company also has agreements with Google and Broadcom (NASDAQ: AVGO) to add several gigawatts of TPU capacity. Anthropic is also building an internal chip team. The group is working on custom hardware for Claude as the company looks for more control over computing costs while demand keeps rising.

However, the IPO is forecast to take place before the American midterm elections in November. This will result in further appreciation of the company’s value. Anthropic managed to raise $65 billion in May while valuing itself at $965 billion post-money. By July, the annualized revenue run rate of the firm exceeded $65 billion, while the number for December was $9 billion. Part of the $2 trillion prediction is based on Anthropic’s projections.

Earlier, Reuters reported that the company projects revenues ranging between $190 billion and $200 billion by 2028. Anthropic would enter a U.S. IPO market already running at record speed. The expected listing follows SpaceX, founded by Elon Musk, which debuted in June. U.S. IPOs excluding special-purpose acquisition companies had raised a record $137 billion through the end of August, according to Dealogic.

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Nvidia has only one disclosed bigger investment, and that is its holding in Intel. There was not much drama in after-hours trading on Friday after the disclosure came out. SpaceX stock gained 0.35%, while Nvidia shares fell 0.12%. Their broader performances have been very different, though. Nvidia is up almost 20% so far in 2026, while SpaceX has lost close to 7% since it entered the public market in June. Retail traders are also looking at the two names differently. Stocktwits showed neutral sentiment around NVDA, with posting volume staying normal. For SPCX, sentiment was extremely bullish, while the amount of discussion also remained at normal levels.

Nvidia makes SpaceX investment amid deal between duo

Nvidia’s investment in SpaceX is happening alongside a much deeper business relationship between the two companies. During SpaceX’s first earnings call since becoming a public company, Elon Musk said SpaceX had chosen Nvidia as the only chip supplier it plans to use for the computing hardware inside its data centers. “We’ve decided to build exclusively on Nvidia because we think [its] Vera Rubin architecture is the best architecture,” Elon said.

He also said the company feels it is the best AI computer and it greatly values the close co-operation and partnership on many levels with Nvidia. Elon has informed investors that SpaceX is expecting to have a “significant allocation” of Nvidia’s Vera Rubin GPUs next year. This means that SpaceX is planning to utilize the next iteration of Nvidia’s AI chip as SpaceX increases computing power available through its data center network. Nvidia has also been planning a significant financing move aside from the deal with SpaceX.

The chipmaker revealed that it had planned out a $500 billion financing package with some of the largest banks on Wall Street, among which was Goldman Sachs (NYSE: GS). CNBC host Jim Cramer commented that it was “a monumentally positive change.” Intel is ahead of SpaceX in terms of Nvidia investments that are publicly known. Jim is still quite confident about the management team at Intel and the path that the firm is following. He thinks that the funds raised by Intel can be used for expanding its third-party manufacturing business where the company manufactures chips for other customers apart from Intel.

Elon Musk keeps tight control over SpaceX as stake reaches $907 billion

Jim also said he has a lot of confidence in Intel CEO Lip-Bu Tan, saying Lip-Bu “knows how to build things.” He argued that Intel would likely not go ahead with the share sale “unless they have something in hand,” and said one possibility could be a new customer for Intel’s manufacturing operation. “I still think this is my favorite stock in the portfolio,” Jim added. A separate regulatory filing released Thursday also provided a much clearer breakdown of Elon’s ownership in SpaceX.

As of June 30, Elon owned an economic stake of 48.4% in the company and had sole voting and investment control over 6.42 billion shares, with the value of that overall position at around $906.9 billion. Elon later responded to the ownership figure on X, saying the number can give the impression that more of the stake is fully his than is actually the case. He explained that part of the shares included in the total still depend on SpaceX hitting extremely difficult performance requirements before they completely vest. “A bunch of it only vests on extremely crazy good outcomes for SpaceX, so actual full vested percentage is lower,” Elon said.

The filing breaks the holdings down into several different parts. Trusts where Elon acts as trustee control about 849.5 million Class A shares. Those trusts also hold roughly 3.92 billion Class B shares. Elon directly owns another 1.30 billion restricted Class B shares, while options cover an additional 350 million Class B shares. So while Elon owns less than half of SpaceX from an economic standpoint, his voting control is much higher than his ownership percentage. He controls more than 82% of the company’s voting power, giving him a much larger say over shareholder decisions than the 48.4% economic stake alone would suggest.

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In its recent coverage of SpaceX, Bloomberg referred to the company as one that overpromises and underdelivers, sparking the ire of both Eric Trump and Elon Musk. Eric Trump responded to the post via a quote with statistics that show that SpaceX was responsible for roughly 80 to 85% of all mass launched to orbit in 2025, compared to about 8 to 10% for China. He also said that the company completed “165 successful Falcon flights with zero failures.” Musk’s reply was shorter, simply writing, “Bloomberg is garbage,” to his followers. The post drew more than 1,600 likes within hours.

Eric Trump backs SpaceX’s activities with statistics

The “overpromising” charge that Eric Trump was trying to disprove relates to targets Musk has set but not yet met. Musk has a record of disputes over his public statements, including an announced plan to take Tesla (NASDAQ: TSLA) private that never happened. Cryptopolitan reported SpaceX’s first earnings. SpaceX reported $7.81 billion in second-quarter revenue, up 92% from a year earlier, but also a $541 million net loss and $18.37 billion in quarterly capital spending.

Company executives said the 13th Starship test still needs regulatory approval before it can happen. They also said a Starlink upgrade will not be fully available to customers until about 1,000 new satellites are in orbit. SpaceX’s Starship program has cost over $15 billion so far, including $3 billion in 2025 and nearly $900 million in early 2026. The company expects Starship to start delivering payloads to orbit in the second half of 2026, but that milestone remains ahead of it.

Eric Trump told Fox News host Sean Hannity back in 2017 that critics of his father were “not even people.” He also called the news media “out of control.” That same year, he told a radio show that dwelling on negative coverage could push someone to “end up killing yourself out of depression.” During the 2024 campaign, he defended claims about FEMA that officials had labeled disinformation, telling Scripps News, “It’s not misinformation. FEMA has run out of money.”

Musk has had many similar clashes that have escalated as his platform has grown. The Guardian columnist Jane Martinson wrote about Musk’s interview with Zanny Minton Beddoes, the editor-in-chief of The Economist, whom he called a “traitor to the West” after the interview ended. He also said the mainstream press is a “reality distortion nightmare mirror.”

A separate spat with President Donald Trump in June 2025 erased $34 billion from Musk’s net worth in a single day. During that dispute, Musk threatened to decommission SpaceX’s Dragon spacecraft but ultimately reversed his decision five hours later.

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Circle closed nearly flat that day, up 0.05% to $63.28, meaning the stake was worth around $17.3 million. According to disclosures, Ark Invest sits ninth in ARKK’s holdings with a 3.68% weight worth $223.4 million. Ark limits any one position to 10% of a fund, so it’s diversified across its ETFs, and there’s still room to add. In the second quarter, total revenue and reserve income for Circle reached $701 million, a 7% increase year-over-year. The figure was less than the $712 million to $718 million analysts had modeled. CRCL dropped about 3% in premarket trading before bouncing back.

Ark Invest makes huge Circle and SpaceX stock buys

According to reports, adjusted earnings were 18 cents a share, versus a consensus of 16 cents, and net income from continuing operations was $48 million. Adjusted EBITDA was up 8% to $143 million. Total USDC in circulation grew 19% to $73.3 billion, with onchain transaction volume increasing 151% to $14.8 trillion. Circle’s reserve income, which is the money it earns on the assets backing USDC, was $668 million, up 5% from a year ago.

However, the yield on those reserves fell 66 basis points. Circle is sitting on more reserves and making less from each dollar of them. Circle’s Arc blockchain is scheduled to launch on the public mainnet on September 16, with BlackRock, DTCC, Visa, and Mastercard listed among founding validators. Ark Invest bought 181,830 SpaceX shares in ARKK, the Ark Autonomous Technology & Robotics ETF (ARKQ), ARKW, and the Ark Space & Defense Innovation ETF (ARKX), amounting to a ~$20 million stake.

That order came as SpaceX dropped 13.6% to $108.27, below its $135 IPO price. Earnings coverage from Cryptopolitan said revenue had soared 92% year over year to $7.8 billion, along with a $541 million net loss. Investors were spooked by spending after capital expenditures rose to $18.4 billion, a sixfold increase in the quarter, mostly to build out AI infrastructure. SpaceX expects $1 trillion in annual revenue by 2030, or possibly 2029, ahead of an earlier 2031 target, Elon Musk told the call.

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The federal lawsuit, filed Tuesday in Oxford, Mississippi, names xAI, its subsidiary MZX Tech, and SpaceX as defendants. Elon Musk is not named in the case. Three residents brought the complaint on behalf of a proposed class they estimate exceeds 10,000 members. Plaintiffs’ attorney Robert Wiygul framed the case in personal terms. “Our homes are supposed to be a sanctuary for us against the world. When they are invaded by noise 24 hours a day, it takes that fundamental peace of a good and decent life away from us.”

Residents sue xAI and SpaceX, alleging the effect of noise on daily life

Those residing in the area of interest say that the turbines have significantly interfered with their daily life due to their noise and vibration, which amounts to negligence and public nuisance. The noise and vibrations, according to Reuters, citing court filings, started in or about June 2025 and have continued to this day. The plaintiffs are suing for damages for their emotional distress, the diminution of the value of their property, and the disaggregation of profits.

xAI purchased a vacant power plant in Southaven and installed natural gas turbines to supply electricity to its data center operations across the Tennessee border in Memphis. The company has since committed more than $20 billion to expand data center infrastructure in Mississippi, a project backed by Governor Tate Reeves. The public and local media have said that xAI put up a sound barrier to mitigate its effect, but residents continued to complain about the noise

The class action comes after a separate April lawsuit filed by the NAACP, on behalf of the Southern Environmental Law Center, claiming that xAI is breaking federal Clean Air Act laws by operating the turbines without the proper environmental permits. Under Mississippi regulations, temporary or portable turbines can operate for up to one year without an air permit. The NAACP and its attorneys argue that the threshold has been exceeded.

The Justice Department signaled last month that it may intervene in the environmental case, saying it raises significant legal and policy questions involving the federal government’s role in AI infrastructure development. As Cryptopolitan earlier reported, xAI has already faced scrutiny over environmental and permitting concerns tied to its growing data center operations and power infrastructure. The new lawsuit increases the legal pressure on xAI as it continues to invest heavily in data centers and power infrastructure across Mississippi.

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As the product is synthetic, which means no real ownership, traders are only getting exposure to price swings. While markets await the IPO, the prices of the contract are based on investor sentiment derived from private investment rounds, trades among existing shareholders, and the information in SpaceX’s S-1 regulatory filing. After the IPO happens, Binance SPCXUSDT begins tracking the public share price directly. Trading opened at $206 and climbed to $224. It settled down around $208 at the time of writing.

Binance introduces users to a new IPO market

Elon Musk’s space venture has recently made its public offering intentions clear through updated SEC documents, as reported by Cryptopolitan. The company will be listed on Nasdaq with the ticker SPCX. Musk already has one company on the exchange, Tesla, which means he’ll be running two publicly traded operations, each approaching trillion-dollar territory, after the SpaceX IPO scheduled for June 8.

The public filing also shows Musk’s voting control reaches 85% through a combination of 849.5 million Class A shares and 5.57 billion Class B shares. No one else, person or organization, besides Musk owns more than 5%. The barrier for regular investors to get exposure to an IPO like SpaceX has fallen. Usually, they would need accredited investor credentials or ties to venture capital circles. Binance is not the first one to give that opportunity.

Hyperliquid, OKX, and Bitget are also offering their own SpaceX pre-IPO offerings. However, what Binance brings is scale. As the biggest crypto exchange globally, it offers liquidity and retail access that smaller platforms can’t duplicate. Anyone with a Binance account can now take a position well ahead of when IPO shares become available. Investors eyeing SpaceX’s eventual stock market debut may want to look at the numbers first, as early betting on the shares comes with serious pitfalls.

Trading in pre-IPO contracts carries dangers that regular investments don’t. Prices can swing far from what shares actually sell for when the company finally lists. Borrowed money makes losses hurt more. These contracts don’t come with shareholder perks like dividends or voting power. Jay Ritter, who runs the IPO program at the University of Florida, tracked roughly 9,300 companies that went public on major U.S. exchanges from 1980 through 2025. First-day trading typically pushed prices up 19% on average.

But the honeymoon doesn’t last. Looking at the ten biggest American IPOs, which include Alibaba, Meta, Uber, and Rivian, the pattern is clear. Three months after going public, these stocks had dropped by a median of 10%. After a full year, the median loss hit 31%. The bigger the launch, the harder the fall once the buzz dies down. Even the most recent hot IPO can be taken as such an example. Cerebras Systems dropped 4.0% during afternoon trading, hitting $291.51 after reaching a high of $338.

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According to reports, Elon Musk will earn the compensation if SpaceX reaches a $7.5 trillion valuation, puts a permanent human population on Mars, and builds space-based data centers with compute power so large it sounds like something only this company would put in paperwork. The plan was shown inside SpaceX’s private registration filing with the US Securities and Exchange Commission in recent weeks.

SpaceX board approves new pay package for Elon Musk

SpaceX is still privately held, but it is preparing for a possible IPO around June 28, which is coincidentally Elon’s birthday, at a possible value of about $1.75 trillion. That alone is expected to push the company into the same weight class as the biggest public names, while Tesla (TSLA) shareholders also watch the same CEO chase another huge award outside the electric vehicle business. The largest part gives Elon up to 200 million restricted shares.

Aside from hitting the valuation, SpaceX claims that the human settlement population on Mars should be around 1 million. The filing turns a Mars dream into a corporate pay target. No vague hype. No soft language. It puts a population number beside a valuation number and links both to Elon’s stock award. A second part of the package gives Elon as many as 60.4 million restricted shares from an award dated March 23.

That part depends on separate company value targets and SpaceX running data centers in outer space that can provide at least 100 terawatts of computing power. That power figure is massive. 100 terawatts equals 100,000 gigawatts, or about 100,000 nuclear reactors of one gigawatt each running at the same time. Both stock awards use Class B restricted shares. Each Class B share carries 10 votes, while each Class A share carries 1 vote. That gives the package a control angle, not just a money angle. The shares vest in parts as SpaceX grows in value.

Elon gets none of those shares if SpaceX fails to hit the board’s targets. The plan does not have a calendar deadline, except that he must keep working at the company. Since 2019, SpaceX has paid him a yearly salary of $54,080. SpaceX cannot place a clean dollar value on the package yet because its shares do not trade publicly. Elon already held 68.8 million Class B stock options as of December 31. Those earlier options have a strike price of about $42 and expire in 2031, so any gain above that price belongs to him if he exercises them before they lapse.

However, it is expected that the SpaceX award may create friction between SpaceX investors and Tesla shareholders. Elon runs both companies, and corporate governance experts have warned that investors may question how much attention each business gets when both have giant targets attached to him. SpaceX is also ending a separate fight in California. The development comes as the California Coastal Commission apologized to Elon’s rocket company and settled a lawsuit filed after SpaceX accused the agency of political bias against the company and its chief executive.

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The announcement, made Tuesday in a post on X, puts one of Silicon Valley’s most talked-about startups squarely inside Musk’s expanding orbit, just months before SpaceX is expected to go public in what could be the largest stock market debut in history. Cursor, owned by parent company Anysphere and co-founded in early 2022 by four MIT students, Michael Truell, Aman Sanger, Sualeh Asif, and Arvid Lunnemark, builds tools that use artificial intelligence to help software developers write code faster.

SpaceX secures option to acquire coding startup Cursor

The company released its first product in March 2023, and within months, it had spread rapidly through the developer community. By November 2023, it had cataloged 150,000 codebases. In June 2024, it raised $60 million in Series A funding led by Andreessen Horowitz. What followed was a funding streak rarely seen in enterprise software. In 2025, Cursor raised three additional rounds totalling $3.3 billion.

The company’s valuation opened 2025 at $2.5 billion and closed the year at $29.3 billion after a $2.3 billion Series D in November. Before that came a $900 million round in June 2025 when it was valued at $9.9 billion. The company is now in talks to raise another $2 billion at a valuation above $50 billion, with Andreessen Horowitz and Thrive Capital expected to co-lead, joined by Nvidia and Battery Ventures.

“If you subtract out the dollars invested, it’s the fastest-growing company we’ve ever seen,” said Martin Casado, Andreessen Horowitz general partner and Cursor board member. Revenue has grown at a similar pace. Annualized revenue hit $500 million in May 2025, doubled to $1 billion by October, and crossed $2 billion in February 2026. Cursor says its tools are now used by 67% of the Fortune 500, including Uber and Adobe, and generate 150 million lines of enterprise code every day.

SpaceX, for its part, has its own reasons to move fast. The company filed IPO paperwork with the SEC in early April and plans a roadshow in early June. It merged with xAI in February in a deal valued at $1.25 trillion and is now seeking a $1.75 trillion valuation, which would make it the biggest IPO ever. It ended 2025 with $24.7 billion in cash. Cursor CEO Michael Truell, 25, said the deal was “a meaningful step on our path to build the best place to code with AI.”

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According to the report, the listing could see the company’s valuation jump close to $1.75 trillion. The idea was shared with banks by SpaceX CFO Bret Johnsen, who has reportedly told Wall Street firms how the deal could be structured. The plan is still being worked on and can change at any time. The goal is clear: Elon Musk wants strong demand from everyday investors who already follow his companies.

Elon Musk says retail investors could get 30% of SpaceX after IPO

Demand from retail investors is expected to be strong, which includes family offices that have backed SpaceX for years and smaller investors who follow Elon closely. Many of them already tracked the company while it was private, and Elon expects them to hold their shares longer and avoid quick selling right after the IPO. Meanwhile, Elon Musk is apparently personally choosing the banks involved with SpaceX’s merger and giving each one a specific job.

Bank of America will handle retail investors inside the United States, Morgan Stanley will bring in smaller investors using its E*Trade platform, UBS will focus on wealthy investors outside the US, and Citi is handling global distribution across both retail and big institutions. Other banks are tied to regions, like Mizuho working in Japan, Barclays covering the United Kingdom, Deutsche Bank responsible for Germany, and the Royal Bank of Canada, of course, handling Canada.

Cryptopolitan had reported earlier that the retail share could go above 20%, and internal talks now point closer to 30%. Meanwhile, Elon Musk is still busy making changes inside X, having removed its chief marketing officer, Angela Zepeda, who had been in the role since September 2024. Her exit came after Musk announced a merger between xAI and SpaceX. In addition, the company has also cut more than 20 employees in recent weeks.

The job cuts affected those who were in nontechnical roles across marketing and other teams. These jobs were seen as overlapping with roles inside the combined structure. Staff who remain at X are now focused on revenue. Jon Shulkin is leading that effort. Shulkin is the chief revenue officer at xAI and also a partner at Valor Equity Partners. His role covers both the social platform and the AI business.

Revenue numbers show the current position. US ad revenue at X is expected to rise 1.5% to $1.27 billion. Global ad sales are projected to increase 2.2% to $2.19 billion. Back in 2021, before Elon took the company private, Twitter reported $4.51 billion in advertising revenue. These changes are happening while SpaceX moves closer to its public debut.

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