OpenAI Misses Targets as Anthropic Hits $965 Billion

SpaceX Wants $2 Trillion, Morningstar Says $750 Billion

Morningstar just cut SpaceX's valuation nearly in half. SpaceX & Elon Musk are undaunted, forcing a fixed price for shares instead of acknowledging real investor demand, or the lack thereof. Because the real secret is that index investors are already strapped in for a very bumpy ride on a corporate conglomerate with no oversight and precious little revenue. We break down what's really happening with SpaceX, and what it might mean for public markets. CHAPTERS 00:00 SpaceX IPO overview and Morningstar's valuation cut 01:17 Target raise, share price, and retail allocation 03:33 Banker fees and Morningstar's buy timing warning 04:23 Revenue breakdown: Starlink, rockets, and xAI losses 05:07 How index funds may force SpaceX onto passive investors 07:10 IPO market capacity and Scott Galloway on the chump train 09:25 Dual-class voting and Musk's perpetual control 10:40 No independent board mandate 11:11 The three business units analyzed 13:28 The weirder S-1 details: Mars bonus, Bitcoin, Cybertrucks, orbital data centers 16:09 Starlink satellite lifespan and depreciation risk 17:10 The quiet period Musk is ignoring and the Anthropic compute deald IF YOU LIKED THIS, WATCH: → Anthropic Kicks Off IPO Process: https://youtu.be/bz5fsLTSUiU → Ferrari Fail, EV Win: https://youtu.be/6sw-5mSt-Oo → SpaceX Highjacks Your 401K: https://youtu.be/Cu2uxh6noc8 SOURCES & FURTHER READING S 1 Filing Financials and Key Takeaways * Full SpaceX S 1 filing breakdown risks revenue and disclosures: https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm * Biggest revelations from the SpaceX IPO filing investors should watch: https://www.wsj.com/business/spacex-ipo-takeaways-cea33689?mod=WTRN_pos5 * SpaceX financial charts explained revenue growth margins and cash flow: https://pitchbook.com/news/articles/6-charts-spacexs-s-1-financials? SpaceX IPO Valuation and Pricing * SpaceX IPO valuation drops nearly 48 percent what investors need to know now: https://www.morningstar.com/stocks/spacex-what-investors-need-know-about-its-enormous-upcoming-ipo * SpaceX lowers IPO valuation again signaling shifting investor demand: https://finance.yahoo.com/markets/stocks/articles/spacex-just-lowered-ipo-valuation-112600361.html * SpaceX plans IPO price at 135 per share targeting massive 75 billion raise: https://www.reuters.com/business/media-telecom/spacex-plans-raise-75-billion-ipo-135-per-share-source-says-2026-06-03/ IPO Mechanics Fees and Market Structure * SpaceX pushes to slash 500 million banker fees ahead of IPO: https://www.bloomberg.com/news/articles/2026-06-02/spacex-ipo-spacex-wants-fee-cut-from-ipo-bankers-chasing-500-million-windfall * Inside the chaotic SpaceX IPO process and what happens next: https://www.wsj.com/finance/stocks/spacex-ipo-process-preparation-69f97465? * Nasdaq 100 rule changes explained and why megacaps like SpaceX matter: https://indexes.nasdaqomx.com/docs/2026_May_NDX_Changes_FAQ.pdf * Who benefits if SP 500 rules change for mega cap companies: https://www.morningstar.com/news/marketwatch/20260506170/heres-who-benefits-if-the-sp-500-eases-its-rules-for-megacap-companies Strategy Competition and Market Position * SpaceX rocket dominance gives it an edge over AI rivals in IPO race: https://www.wsj.com/tech/ai/spacexs-rocket-monopoly-gives-it-an-edge-over-openai-in-the-ipo-race-7d8fe513? * Skeptic concerns grow as Musk statements diverge from IPO filing: https://www.cnbc.com/2026/05/29/spacex-skeptics-concerned-as-musk-comments-diverge-from-ipo-filing.html * Tesla SpaceX merger chatter returns as IPO approaches: https://www.cnbc.com/2026/05/26/spacex-tesla-merger-chatter-reignites-as-musk-rocket-company-nears-ipo.html * Elon Musk comments on SpaceX IPO strategy and future plans: https://x.com/elonmusk/status/2059880289514696927?s=20 FOLLOW GOOD REVENUE * YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ [https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ]  * Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au [https://open.spotify.com/show/44me6PABSQ0k0GfphM70au] * Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 [https://podcasts.apple.com/us/podcast/good-revenue/id1707461473]  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Anthropic IPO Might Crush OpenAI (And SpaceX?)

Anthropic just confidentially filed its S1, and the most expensive IPO race is officially on. Three companies chasing trillion-dollar valuations at once, a surprise $500M AI bill that nearly broke a CFO, and the Nasdaq rule change forcing index funds into unprofitable AI startups within 15 days of listing. We break down why it matters to you and to the economy. CHAPTERS 00:00 Anthropic files its S1 00:44 Valuation and fundraising targets 01:32 Is this the largest IPO ever 02:12 Can public markets absorb three mega IPOs 03:04 Anthropic vs OpenAI narrative and business strength 04:28 Retail investors and the Nasdaq rule change 05:33 Sam Altman's IPO timeline and OpenAI struggles 07:13 Which company goes public first wins the market 08:26 Questions about Anthropic's revenue and governance 10:24 The AI business model problem 10:57 Token costs are exploding for enterprise customers 12:12 Enterprise ROI doubts and Uber's candid assessment 14:16 The zombie unicorn problem and what it signals 16:16 Wrap and Friday SpaceX episode preview IF YOU LIKED THIS, WATCH: → SpaceX Nasdaq Fix https://youtu.be/Cu2uxh6noc8 [https://youtu.be/Cu2uxh6noc8]  → Anthropic Hits $965B Valuation https://youtu.be/7FM0DL_It3A [https://youtu.be/7FM0DL_It3A]  → OpenAI IPO Race Gets Scrambled https://youtu.be/PVDw6b4tb5w [https://youtu.be/PVDw6b4tb5w]  SOURCES & FURTHER READING AI IPOs Confidential Filings And SEC Process * How confidential S 1 filings work for AI companies going public: https://www.anthropic.com/news/confidential-draft-s1-sec [https://www.anthropic.com/news/confidential-draft-s1-sec]  * SEC draft registration statement process explained for IPO filings: https://www.sec.gov/about/divisions-offices/division-corporation-finance/draft-registration-statement-processing-procedures-expanded [https://www.sec.gov/about/divisions-offices/division-corporation-finance/draft-registration-statement-processing-procedures-expanded] AI Costs ROI And Enterprise Spending Crisis * AI spending surge raises ROI concerns across enterprises: https://www.axios.com/2026/05/28/ai-spending-roi-enterprise-costs [https://www.axios.com/2026/05/28/ai-spending-roi-enterprise-costs]  * Company reportedly spends 500 million on Claude AI with uncertain returns: https://finance.yahoo.com/sectors/technology/articles/company-blew-500m-claude-ai-173519468.html [https://finance.yahoo.com/sectors/technology/articles/company-blew-500m-claude-ai-173519468.html]  * AI cost crisis hits tech giants as token usage explodes with agentic AI: https://www.tomshardware.com/tech-industry/artificial-intelligence/ai-cost-crisis-hits-tech-giants-as-employee-tokenmaxxing-backfires-agentic-ai-eats-up-to-1000x-more-tokens-than-standard-ai-sparks-corporate-pullback-at-microsoft-meta-and-amazon [https://www.tomshardware.com/tech-industry/artificial-intelligence/ai-cost-crisis-hits-tech-giants-as-employee-tokenmaxxing-backfires-agentic-ai-eats-up-to-1000x-more-tokens-than-standard-ai-sparks-corporate-pullback-at-microsoft-meta-and-amazon]  AI Valuations Strategy And Industry Signals * AI startup valuations compared to pre ChatGPT era trends: https://www.cnbc.com/2026/06/01/ai-startup-valuations-pre-chatgpt.html [https://www.cnbc.com/2026/06/01/ai-startup-valuations-pre-chatgpt.html]  * Microsoft CEO signals major shift in AI strategy and workforce direction: https://www.thestreet.com/technology/microsoft-ceo-sends-shocking-message-to-employees [https://www.thestreet.com/technology/microsoft-ceo-sends-shocking-message-to-employees]  * Eric Ries on building durable mission driven AI companies including Anthropic: https://www.youtube.com/watch?v=PoJ1vTdHpks [https://www.youtube.com/watch?v=PoJ1vTdHpks]  SpaceX Financials And Market Benchmarks * SpaceX S 1 financial charts reveal growth profitability and scale: https://pitchbook.com/news/articles/6-charts-spacexs-s-1-financials? [https://pitchbook.com/news/articles/6-charts-spacexs-s-1-financials?]  FOLLOW GOOD REVENUE * YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ [https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ]  * Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au [https://open.spotify.com/show/44me6PABSQ0k0GfphM70au] * Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 [https://podcasts.apple.com/us/podcast/good-revenue/id1707461473]  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Ferrari's EV Bet Looks Smarter Than You Think

Ferrari launched its first EV and car lovers + the internet are deeply unimpressed. This is bad news for Ferrari in the short term, but new data shows Ferrari was spot on to tackle the fast growing electric vehicle market. Global EV sales hit 20 million in 2025, on track for half a billion cars within a decade. Meanwhile the Strait of Hormuz blockade is draining global strategic reserves. Could it push buyers in the US, the world’s 2nd largest auto market, toward electric after all? CHAPTERS 00:00 Ferrari Luce launch and the internet's reaction 01:32 The Azzurro La Plata color choice and design comparisons 02:47 Ferrari stock drops 8% and fan sentiment 03:39 Why Ferrari made this move 14 global EV market data 05:00 IEA: 20 million EVs sold globally in 2025 05:50 China dominates, Europe surges, U.S. lags 07:27 Ford's $19B EV write-off and Ford Energy spinout 08:14 Cox Automotive: U.S. EV sales down 27% in 2026 09:06 Strait of Hormuz blockade and oil price crisis 10:49 Strategic reserves running out by mid-July 12:00 How sustained high gas prices could shift U.S. EV buying 13:35 The 1970s oil crisis parallel 13:57 IEA projects 510 million EVs by 2035 IF YOU LIKED THIS, WATCH: → Autos Have to Choose Between Military and China: https://youtu.be/uvOGcIjL1_I [https://youtu.be/uvOGcIjL1_I] → Global Oil Reserves Are Running Dry, Next Crisis Here? https://youtu.be/L7JKxr_lvP4 [https://youtu.be/L7JKxr_lvP4]  SOURCES & FURTHER READING Ferrari Electric Future and Backlash * Ferrari Luce Electric Supercar Official Reveal Features Specs and Design: https://www.ferrari.com/en-EN/auto/ferrari-luce [https://www.ferrari.com/en-EN/auto/ferrari-luce]  * Why Ferrari Fans Are Divided Over the New Luce EV Strategy and Brand Shift: https://www.theguardian.com/environment/2026/may/27/why-ferrari-backlash-electric-car-luce [https://www.theguardian.com/environment/2026/may/27/why-ferrari-backlash-electric-car-luce]  EV Market Trends and Sales Decline * US EV Sales Drop in 2025 What the Latest Q1 2026 Data Signals for the Industry: https://www.coxautoinc.com/insights/q1-2026-ev-sales-report-commentary/ [https://www.coxautoinc.com/insights/q1-2026-ev-sales-report-commentary/] Global Energy and Oil Market Pressures * When the Next Crude Oil Crisis Could Hit Timing Risks and Economic Impact Explained: https://www.brookings.edu/articles/the-timing-of-the-impending-crude-crisis/ [https://www.brookings.edu/articles/the-timing-of-the-impending-crude-crisis/]  * How Long Iran Can Sustain Economic Pressure Under US Sanctions and Oil Constraints: https://www.wsj.com/world/middle-east/how-long-can-iran-withstand-the-economic-pain-of-the-u-s-blockade-c2427624 [https://www.wsj.com/world/middle-east/how-long-can-iran-withstand-the-economic-pain-of-the-u-s-blockade-c2427624]  Global EV Outlook and Future Adoption * Global EV Outlook 2026 Key Trends Growth Forecasts and Adoption Insights: https://www.iea.org/reports/global-ev-outlook-2026/executive-summary [https://www.iea.org/reports/global-ev-outlook-2026/executive-summary]  FOLLOW GOOD REVENUE * YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ [https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ]  * Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au [https://open.spotify.com/show/44me6PABSQ0k0GfphM70au] * Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 [https://podcasts.apple.com/us/podcast/good-revenue/id1707461473]  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

OpenAI Misses Targets as Anthropic Hits $965 Billion

Anthropic just hit a $965B valuation and is now worth more than OpenAI. How did they get here so fast, and what does it mean for OpenAI's IPO? In this episode, we break down Anthropic's $65B Series H led by Sequoia, Altimeter, and Greenoaks, the Opus 4.8 model launch, and why Andrej Karpathy leaving for Anthropic matters. We also dig into OpenAI's IPO dilemma, their $25B revenue run rate versus Anthropic's $47B, missed user targets, and Sam Altman's surprising reversal on AI-driven job loss. CHAPTERS 00:00 Anthropic overtakes OpenAI in valuation 01:05 Capital efficiency and total fundraising compared 02:04 Anthropic revenue run rate hits $47B 03:00 Claude Code, Mythos preview, and the Discord hack 05:35 Andrej Karpathy joins Anthropic 06:30 Opus 4.8 features, effort control, and sub-agents 08:20 Benchmarks and third-party accuracy concerns 09:35 Carnegie Mellon sleep study and model performance 10:35 OpenAI's IPO dilemma and CFO tensions 12:30 OpenAI misses user targets and revenue lags 14:33 Sam Altman walks back the jobs apocalypse IF YOU LIKED THIS, WATCH: → Mythos Hacked by a Guess https://youtu.be/t-POODHfeZQ [https://youtu.be/t-POODHfeZQ] → Mythos is Too Powerful to Release: https://youtu.be/ai_oGfsNa2g [https://youtu.be/ai_oGfsNa2g] → Pope Leo Comes for AI & Tech Despots: https://youtu.be/8HvB90SK-Fs [https://youtu.be/8HvB90SK-Fs] SOURCES & FURTHER READING AI Model Releases and Product Updates * Anthropic Series H Explained What It Means for the Future of AI Scaling: https://www.anthropic.com/news/series-h [https://www.anthropic.com/news/series-h]  * Claude Opus 4.8 Capabilities Breakthrough Performance Benchmarks and Use Cases: https://www.anthropic.com/news/claude-opus-4-8 [https://www.anthropic.com/news/claude-opus-4-8]  * Claude Code Dynamic Workflows New Automation Features for Developers: https://claude.com/blog/introducing-dynamic-workflows-in-claude-code [https://claude.com/blog/introducing-dynamic-workflows-in-claude-code]  * New AI Research Paper Insights Into Next Generation Model Architectures: https://arxiv.org/pdf/2605.26099 [https://arxiv.org/pdf/2605.26099] Funding Growth and AI Market Competition * OpenAI Funding Rounds Full Breakdown Investors Valuation and Growth Timeline: https://tracxn.com/d/companies/openai/__kElhSG7uVGeFk1i71Co9-nwFtmtyMVT7f-YHMn4TFBg/funding-and-investors#funding-rounds [https://tracxn.com/d/companies/openai/__kElhSG7uVGeFk1i71Co9-nwFtmtyMVT7f-YHMn4TFBg/funding-and-investors#funding-rounds]  * Anthropic Funding History المستثمر Breakdown Valuation Growth and Key Backers: https://tracxn.com/d/companies/anthropic/__SzoxXDMin-NK5tKB7ks8yHr6S9Mz68pjVCzFEcGFZ08/funding-and-investors [https://tracxn.com/d/companies/anthropic/__SzoxXDMin-NK5tKB7ks8yHr6S9Mz68pjVCzFEcGFZ08/funding-and-investors]  * The Math Behind Anthropic Explosive Revenue Growth and AI Market Share Expansion: https://www.theinformation.com/newsletters/dealmaker/math-behind-anthropics-mad-revenue-growth [https://www.theinformation.com/newsletters/dealmaker/math-behind-anthropics-mad-revenue-growth]  * OpenAI Revenue Miss What It Means for IPO Plans and AI Industry Competition: https://www.wsj.com/tech/ai/openai-misses-key-revenue-user-targets-in-high-stakes-sprint-toward-ipo-94a95273 [https://www.wsj.com/tech/ai/openai-misses-key-revenue-user-targets-in-high-stakes-sprint-toward-ipo-94a95273] Talent Wars and Industry Moves * Anthropic Hires Andrej Karpathy Strategic Talent Shift in the AI Arms Race: https://www.cnbc.com/2026/05/19/anthropic-hires-openai-cofounder-andrej-karpathy-former-tesla-ai-lead.html [https://www.cnbc.com/2026/05/19/anthropic-hires-openai-cofounder-andrej-karpathy-former-tesla-ai-lead.html] AI Jobs Economy and Future of Work * Sam Altman Says AI Will Not Cause Job Apocalypse What Changes Instead: https://www.reuters.com/world/asia-pacific/openais-altman-says-ai-unlikely-lead-jobs-apocalypse-2026-05-26/ [https://www.reuters.com/world/asia-pacific/openais-altman-says-ai-unlikely-lead-jobs-apocalypse-2026-05-26/]  * Economic Futures in the Age of AI How Automation Will Reshape Jobs and Growth: https://openaifoundation.org/news/economic-futures-in-the-age-of-ai [https://openaifoundation.org/news/economic-futures-in-the-age-of-ai]  FOLLOW GOOD REVENUE * YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ [https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ]  * Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au [https://open.spotify.com/show/44me6PABSQ0k0GfphM70au] * Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 [https://podcasts.apple.com/us/podcast/good-revenue/id1707461473]  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Pope Declares War on Autonomous Weapons & Biased AI

Pope Leo XIV just called for AI to be disarmed. Not banned but stripped of wanton military, economic, and cognitive power before it's too late. The Vatican released the Magnifica Humanitas just as Anthropic hits $10.9B in projected revenue this quarter and OpenAI stumbles toward its IPO before time runs out for an exit. CHAPTERS 00:00 Pope Leo XIV calls for AI disarmament 00:54 Core warnings: autonomous weapons and biased algorithms 01:35 Magnifica Humanitas explained 03:12 Five themes from the document 05:34 Anthropic at the Vatican and the IPO race 06:17 Anthropic revenue hits $10.9B 06:46 OpenAI resolves Musk lawsuit, files confidentially with SEC 07:32 Why OpenAI must go public before Anthropic 08:00 Why the Pope's message matters now IF YOU LIKED THIS, WATCH: → OpenAI Must IPO First At Any Price, Anthropic is Crushing Them (Charts!): https://youtu.be/PVDw6b4tb5w [https://youtu.be/PVDw6b4tb5w]  → Elon Musk Just Exposed OpenAI's Biggest Secret in Court: https://youtu.be/b5Ye6iYzM6E [https://youtu.be/b5Ye6iYzM6E] → Anthropic’s Mythos AI Hacked By a Good Guess, and Big Tech Still Gives Them Another $65B: https://youtu.be/t-POODHfeZQ [https://youtu.be/t-POODHfeZQ]  → SpaceX $75 Billion IPO Scheme Exposed, What Do You Even Get? https://youtu.be/Cu2uxh6noc8 [https://youtu.be/Cu2uxh6noc8]  SOURCES & FURTHER READING Pope Calls for AI Common Sense * Pope Leo XIV Calls for Disarmament of AI: https://www.vatican.va/content/leo-xiv/en/encyclicals/documents/20260515-magnifica-humanitas.html [https://www.vatican.va/content/leo-xiv/en/encyclicals/documents/20260515-magnifica-humanitas.html]  * Pope Leo XIV Disarmament of AI Remarks at the Vatican: https://www.youtube.com/watch?v=aaYJ_4QcZfE [https://www.youtube.com/watch?v=aaYJ_4QcZfE]  * Anthropic Support for Pope Leo XIV’s Call: https://www.anthropic.com/news/chris-olah-pope-leo-encyclical [https://www.anthropic.com/news/chris-olah-pope-leo-encyclical] Anthropic’s Business * Anthropic’s Mind Blowing Growth Propelling It’s First Profitable Quarter: https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4? [https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4?]  #ArtificialIntelligence #VaticanAI #AnthropicIPO #GoodRevenue FOLLOW GOOD REVENUE * YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ [https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ]  * Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au [https://open.spotify.com/show/44me6PABSQ0k0GfphM70au] * Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 [https://podcasts.apple.com/us/podcast/good-revenue/id1707461473]  ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.