The trillion dollar listings: what Anthropic's leaked prospectus and SpaceX's IPO reveal about AI economics
A draft prospectus seen by Reuters shows Anthropic's revenue up twelvefold in 2025 to nearly USD 4.6 billion, alongside a USD 42 billion net loss and USD 518 billion in infrastructure obligations. SpaceX, now home to xAI, is testing what public investors will pay for an AI story.