You Might Soon Own a Piece of SpaceX

Elon Musk is about to set in motion a chain of events that will reshape the global financial order. For starters, when Space X formally goes public next week, he is all but guaranteed to become the world’s first trillionaire. His rocket company is targeting a valuation of $1.77 trillion, which would make it one of the 10 biggest companies in the world—bigger than Meta, Walmart, and, for that matter, Tesla.All of this activity is less about colonizing Mars and more about providing the infrastructure for the AI boom: Musk wants to use his rockets to launch data centers into space, where there is abundant solar power to harvest. His rush to tap into the public markets seems to be pushing the other AI behemoths to do the same. On Monday, Anthropic filed confidential documents to begin the process of going public as early as this fall. And OpenAI is reportedly preparing to do the same any day now.Anthropic and OpenAI, too, will likely be valued at $1 trillion or more, dwarfing JPMorgan Chase and Exxon Mobil. These will be three of the largest initial public offerings, or IPOs, in history—and all three may hit the stock market in the span of just a few months. It’s hard to overstate the effects this rapid succession of gargantuan IPOs will have on the American economy—think of it as dropping three boulders, one after the other, into a kiddie pool.These companies are not going public because they are moneymaking machines. Consider that SpaceX, in the lead-up to its IPO, revealed that while it is seeking a nearly $1.8 trillion valuation, the company has lost $4.3 billion in just the first three months of 2026. OpenAI is also unprofitable, while Anthropic might barely post its first profitable quarter ever at the end of June. Yet the trio are set to become among the most valuable companies in the world because of a promise of unprecedented riches on the horizon. In a Securities and Exchange Commission filing, SpaceX wrote that in the long run, AI will eat the economy, and so