Thomas

Grok

Elon Musk

Elon Musk said SpaceX will be worth more than the rest of Earth if it meets its goals, even as the $2 trillion company's <a href="https://yellow.com/news/spacex-sinks-nasdaq-entry" rel="noopener noreferrer nofollow">stock sits 33% below its peak</a>.
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
 <li>Musk made the claim on Jul. 9 while answering criticism of SpaceX's reported $7.5 billion to $40 billion compute deal with Anthropic.</li>
 <li>SPCX closed at $152.16 on Thursday, roughly 33% below its Jun. 16 record of $225.64.</li>
 <li>The company also showed renderings of AI1, its first Starmind compute satellite.</li>
 </ul>
</blockquote>
<h2 id="musk-spacex-valuation-claim">Musk SpaceX Valuation Claim</h2>
The remark <a href="https://x.com/elonmusk/status/2075291102324641925" rel="noopener noreferrer nofollow">landed</a> Thursday in a reply on X, where investor Thomas D. questioned SpaceX's reported compute arrangement with Anthropic, a deal valued between $7.5 billion and $40 billion. The critic called it a possible unforced error of the AI era, arguing customers could move routine workloads to Grok while keeping Claude for harder tasks, a shift he said could complicate Anthropic's path to an IPO. Musk <a href="https://news.bitcoin.com/elon-musk-says-spacex-could-be-worth-more-than-everything-else-on-earth-if-goals-are-met/" rel="noopener noreferrer nofollow">answered</a> that SpaceX will be "worth more than the rest of Earth if we accomplish our goals."
Anthropic signed the lease in May for access to Colossus 1, the Memphis supercluster built to train Grok models. The agreement covers more than 220,000 Nvidia GPUs and over 300 megawatts of power at roughly $1.25 billion per month, with filings describing a ramp that runs through May 2029.
The same day, the company <a href="https://www.benzinga.com/news/space/26/07/60375944/elon-musk-says-spacex-would-be-worth-more-than-earth-if-it-achieves-its-goals-amid-first-ai-satellite-reveal" rel="noopener noreferrer nofollow">revealed</a> renderings of AI1, the first satellite in its planned Starmind constellation for orbital AI computing. Each spacecraft carries a 150 kW peak compute payload, a 150 kW solar array and a wingspan of 70 meters. The design supports chips from any provider.
Also Read:<a href="https://yellow.com/news/solana-etf-bitwise-filing" rel="noopener noreferrer nofollow">Solana's ETF Moment Gets Harder To Ignore After New Bitwise Filing</a>
<h2 id="spcx-stock-slide">SPCX Stock Slide</h2>
SpaceX shares closed at $152.16 on Thursday, up 2.6%, their first real gain since the stock touched an all-time low of $145.20 a day earlier. The price sits about a third below the $225.64 record set on Jun. 16, when a 50% rally from the $150 debut briefly pushed the company past Amazon in market value.
The retreat followed a record-setting IPO priced at $135 on Jun. 12, and the company's market value now hovers near $2 trillion.
Morgan Stanley analyst Adam Jonas initiated coverage this week with a bull case that sees nearly 90% upside and projects $3.3 trillion in annual revenue by 2040. Entry into the Nasdaq-100 on Jul. 7 brought roughly $4.3 billion in forced index buying, though sellers absorbed those flows and drove the stock to fresh lows anyway.
The boast extends a run of sweeping recent statements from Musk. He recently argued that "space is the only way to scale at scale" for AI computing, casting orbital data centers as the fix for earthbound power limits. He also <a href="https://www.ibtimes.co.uk/elon-musk-spacex-ai-anthropic-deal-1808029" rel="noopener noreferrer nofollow">acknowledged</a> on Thursday that Anthropic currently leads the AI race, reversing his 2025 dismissal of the company and insisting he would never cut it off in a damaging way.
Read Next:<a href="https://yellow.com/news/grok-openai-anthropic-agentic-ai" rel="noopener noreferrer nofollow">Grok 4.5 Challenges OpenAI And Anthropic With Cheaper Agentic AI</a>

Why Musk Thinks SpaceX Will Be Worth More Than The Rest Of Earth

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