SpaceX IPO filing shows billions in AI losses, a $2 trillion valuation target, and turbine spending that signals more data center conflicts ahead
$2 trillion. SpaceX's IPO filing just exposed $6.36B in xAI losses and a $15B/year Anthropic compute deal that changes the AI infrastructure game.
Why it matters
SpaceX's IPO reveals the hidden cost of Musk's AI ambitions: massive xAI losses offset by a massive Anthropic partnership, signaling intensifying competition for compute capacity and data center power.
The key facts
10 to knowSpaceX IPO valuation target: $2 trillion
xAI losses in 2025: $6.36 billion
Anthropic compute deal: $15 billion per year
Musk voting control: 85.1% via dual-class shares
UNVERIFIED - May 21, 2026 date appears to be future-dated; requires corroboration from official SEC filings
SpaceX targets $2 trillion IPO valuation
xAI reported $6.36 billion losses in 2025
$15 billion per year Anthropic compute deal
Elon Musk controls 85.1% voting power via dual-class shares
Filing signals data center power/turbine infrastructure conflicts ahead
Go to the source
The Decoderthe-decoder.com
Publisher excerpt: SpaceX has filed for what could be the largest IPO ever, targeting a valuation of up to $2 trillion. The filing reveals xAI losses of $6.36 billion in 2025 and an Anthropic compute deal worth $15 billion per year. Elon Musk secures 85.1 percent of voting power through dual-class shares, effectively…