$特斯拉(TSLA)$ One interesting detail in SpaceX’s S-1: Musk’s ecosystem is renting COLOSSUS / COLOSSUS II compute capacity to Anthropic. On the surface, Anthropic is a major player in the AI model race. But commercially, this looks more like SpaceX / xAI turning AI compute from a cost-heavy asset into a revenue-generating asset. The S-1 disclosed monthly fees of up to US$1.25 billion, with the term running through May 2029. So SpaceX’s IPO story may no longer be just about rockets and Starlink. AI compute infrastructure is becoming part of the narrative. Take a look at the chart.
Will You Choose Tesla to Indirectly Own SpaceX?
SpaceX S-1 analysis went viral. SpaceX's IPO pricing will serve as the valuation anchor for Musk's entire ecosystem, and TSLA holders effectively carry indirect SpaceX exposure — an embedded asset that will be explicitly priced by the market for the first time at IPO. Counter-risk: if SpaceX's independent listing draws dedicated capital allocation, TSLA's scarcity premium as a 'SpaceX proxy' will simultaneously evaporate. Chamath's math points to $2 trillion — on IPO pricing day, are you adding TSLA or waiting for SpaceX to open directly?
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