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

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• Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 

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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 

→ Anthropic Hits $965B Valuation https://youtu.be/7FM0DL_It3A 

→ OpenAI IPO Race Gets Scrambled 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 
• 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

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 
• 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 
• 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 

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 
• Microsoft CEO signals major shift in AI strategy and workforce direction: 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 

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? 

FOLLOW GOOD REVENUE

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• Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au
• Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 

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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

→ Global Oil Reserves Are Running Dry, Next Crisis Here? 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 
• 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 

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/

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/ 
• 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 

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 

FOLLOW GOOD REVENUE

• YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ 
• Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au
• Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 

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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

→ Mythos is Too Powerful to Release: https://youtu.be/ai_oGfsNa2g

→ Pope Leo Comes for AI & Tech Despots: 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 
• Claude Opus 4.8 Capabilities Breakthrough Performance Benchmarks and Use Cases: 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 
• New AI Research Paper Insights Into Next Generation Model Architectures: 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 
• Anthropic Funding History المستثمر Breakdown Valuation Growth and Key Backers: 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 
• 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

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

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/ 
• 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 

FOLLOW GOOD REVENUE

• YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ 
• Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au
• Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 

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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 

→ Elon Musk Just Exposed OpenAI's Biggest Secret in Court: 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 

→ SpaceX $75 Billion IPO Scheme Exposed, What Do You Even Get? 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 
• Pope Leo XIV Disarmament of AI Remarks at the Vatican: 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

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? 

#ArtificialIntelligence #VaticanAI #AnthropicIPO #GoodRevenue

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Gas hit $4.56 this Memorial Day weekend and consumer sentiment just dropped to an all-time low. The Strait of Hormuz conflict is draining global oil reserves at a record pace, and the latest truce talks don’t seem stable at all. So energy businesses from utilities to autos are rethinking everything as the largest utility merge in the world, NextEra-Dominion, could reshape electricity prices on the entire Eastern Seaboard and Ford gets serious about building batteries even though it threw away it’s electric vehicle business.

CHAPTERS

00:00 Gas prices hit a four-year high this Memorial Day

00:56 Why this summer could be worse than 2022

01:13 Walmart's pump data signals consumer stress

01:36 Consumer sentiment drops to an all-time low

02:05 IEA report: global oil reserves are depleting fast

02:27 US crude and gas reserve charts explained

02:41 How 54 countries are responding and why the US isn't

03:52 What to expect this summer for energy prices

04:03 NextEra and Dominion merger: what it means for electricity

04:34 Ford's $20 billion EV writedown and the Ford Energy spin-off

06:15 Wrap-up

IF YOU LIKED THIS, WATCH:

→ Ford Struggles to Sell Cars in China: https://youtu.be/uvOGcIjL1_I

→ China's Auto Export Tsunami Crushes Global Markets:

https://youtu.be/fbOx5HsYMoo 

→ Auto Sector Update: https://youtu.be/Q__ke5iP51Y 

SOURCES & FURTHER READING

Gas Prices and Consumer Trends

• Memorial Day Gas Prices Hit Four Year High What Drivers Need to Know in 2026: https://gasprices.aaa.com/memorial-day-weekend-gas-prices-reach-four-year-highs/ 
• Latest US Consumer Sentiment Data Signals Economic Outlook Shift: https://www.sca.isr.umich.edu/ 

Energy Deals and Power Industry Shifts

• Massive 67 Billion Energy Deal Reshapes US Power Market and Utility Landscape: https://www.wsj.com/business/energy-oil/nextera-to-buy-dominion-energy-in-67-billion-deal-cc3c94b0? 
• How a Major Utility Acquisition Signals the Future of Electricity Demand and AI Growth: https://apnews.com/article/nextera-dominion-ai-electricity-utility-1916dc2187883c0d4eaf69ce11c51c75 
• Global Energy Market Shakeups and Investment Trends to Watch Right Now: https://www.ft.com/content/f636f726-b185-4f6a-91d2-75ea3d1b9beb? 
• Key Economic Forces Driving Energy and Infrastructure Investment in 2026: https://www.ft.com/content/b26ba4ce-4324-4ea9-926d-caf036f20832 

Automakers Pivot to Energy

• Why US Automakers Are Shifting From EVs to Energy and Power Solutions: https://www.wired.com/story/after-struggling-with-evs-us-automakers-pivot-to-energy/ 
• Ford Energy Explained How Ford Plans to Transform Home Power and EV Charging: https://www.fromtheroad.ford.com/us/en/articles/2026/introducing-ford-energy/ 

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A new landmark study traced $3.3 trillion in Chinese foreign investment across 161,000 companies in 159 countries and what it found about patent harvesting should concern every Western economy.

The research, published by the US National Bureau of Economic Research, reveals how Chinese state-owned enterprises and private investors have systematically targeted pre-patent, R&D-intensive firms in North America and Europe since 2012. More than $800 billion of that investment flowed through the Cayman Islands alone, obscuring ownership and bypassing standard foreign direct investment reporting. The strategy traces directly to the Made in China 2015 initiative, which directed Chinese firms to acquire and repatriate foreign intellectual property and the data shows it is working.

CHAPTERS

00:00 Chinese foreign investment study overview

01:43 Scale of Chinese outward investment

02:48 Tax havens and Cayman Islands routing

03:27 How state-owned enterprises execute acquisitions

04:53 Innovation spill back and patent harvesting

05:41 Crowding out R&D in peer firms

06:03 Made in China 2015 connection

06:40 Weaknesses in foreign direct investment measurement

07:20 Geopolitical implications and US-China relations

08:15 Section 301 investigations and trade rerouting

09:26 Fake LLCs and import duty evasion

IF YOU LIKED THIS, WATCH:

→ US China Secret Cold War Escalates Over AI, Tariffs & More: https://youtu.be/DD3BOZPOHdA

→ China's $112B US Tariffs Cheat Revealed: https://youtu.be/aA_6BWeKHJM

SOURCES & FURTHER READING

China Trade Strategy and Tariff Evasion Risks

* New Research on How Firms May Circumvent Tariffs Through Global Supply Chains: https://www.nber.org/papers/w35106

China State Control and SOE Power

* How China Strengthens Communist Party Control Over State Owned Enterprises: https://www.scmp.com/economy/china-economy/article/3045053/china-cements-communist-partys-role-top-its-soes-should

* Why China’s State Owned Enterprise Model Shapes Global Competition: https://www.ft.com/content/2b2fab66-16ea-48a7-a4cd-93022d8a13d2

* US State Department Brief on China State Owned Enterprises: https://www.state.gov/report/custom/bf839f4338

* US Library of Congress Brief on China State Owned Enterprises: https://guides.loc.gov/us-trade-with-china/state-owned-enterprises

US China Tensions and Strategic Conflict

* Official China Readout of US China Talks and Strategic Positioning: https://www.fmprc.gov.cn/eng/wjbzhd/202605/t20260516_11911719.html

* Why the US and China Disagree on Strategic Stability and Global Order: https://www.cfr.org/articles/china-and-the-u-s-agreed-to-strategic-stability-in-beijing-they-dont-define-it-the-same-way

* Key Outcomes and Hidden Tensions from the Trump Xi Summit Deals: https://www.cnbc.com/2026/05/18/us-china-announce-deals-after-trump-xi-summit.html

* Inside the Latest US China Negotiations and What Remains Unresolved: https://www.ft.com/content/aed42b42-0ca2-4104-848a-c8bca33fd837?syn-25a6b1a6=1

FOLLOW GOOD REVENUE

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OpenAI just won a major legal battle against Elon Musk, but are they about to lose the IPO race anyway in the hottest year ever for public offerings? The Musk v. OpenAI trial ended in just two hours with a verdict for the defense, but the reputational damage from testimony may matter more than the legal outcome. Sam Altman now faces a House Oversight inquiry over $2 billion in stakes he holds in companies tied to OpenAI, while OpenAI misses targets and the CFO says it's not ready for public markets. Meanwhile, Anthropic just beat OpenAI in crucial metrics for the first time as it cruises towards a successful IPO this year.

CHAPTERS

00:00 Musk v. OpenAI verdict: jury rules in two hours

02:35 What the verdict means for OpenAI's IPO timeline

03:20 OpenAI's missed revenue targets and CFO warning

03:47 Sam Altman's $2 billion conflict and Congress inquiry

04:20 Anthropic's $30 billion raise and $900 billion valuation

05:40 Anthropic overtakes OpenAI in enterprise market share

07:08 The 2026 IPO landscape: SpaceX, Anthropic, OpenAI

07:30 Cerebras goes public: 70% pop, then a 10% drop

09:07 SpaceX IPO: June 12 target, governance risks, and Nasdaq index rules

10:45 Who actually benefits from the Nasdaq fast-track rule change

IF YOU LIKED THIS, WATCH:

→ Elon Musk Just Exposed OpenAI's Biggest Secret in Court: https://youtu.be/b5Ye6iYzM6E

→ SpaceX $75 Billion IPO Scheme Exposed, What Do You Even Get?

https://youtu.be/Cu2uxh6noc8

SOURCES & FURTHER READING

OpenAI vs Elon Musk Trial Verdict

* Jury sides with OpenAI in Elon Musk lawsuit what it means for AI control and governance: https://apnews.com/article/musk-openai-trial-verdict-0b9b0bfaffe96f2c930341f52dfe4f8c

* Federal jury rules for OpenAI in Musk feud key legal takeaways for the AI industry: https://www.ksat.com/business/2026/05/18/federal-jury-sides-with-openai-in-feud-with-elon-musk/

* OpenAI beats Elon Musk in high stakes trial implications for AI power and partnerships: https://www.cnbc.com/2026/05/18/musk-altman-openai-trial-verdict.html

Cerebras IPO and AI Chip Boom

* Cerebras IPO price range revealed what it signals for AI chip demand and investors: https://www.cnbc.com/2026/05/10/cerebras-ipo-price-range.html

* Cerebras blockbuster IPO fuels AI hype across OpenAI Anthropic and SpaceX: https://www.cnbc.com/2026/05/16/cerebras-blockbuster-ipo-boosts-hype-for-spacex-openai-anthropic.html

* AI chip boom risks overheating why the surge could lead to a market correction: https://www.wsj.com/finance/stocks/ai-chip-mania-sows-seeds-of-its-own-destruction-203b6e3f

AI IPO Race and Valuation Surge

* SpaceX OpenAI and Anthropic lead the most anticipated IPOs of 2026: https://finance.yahoo.com/markets/article/spacex-openai-and-anthropic-here-are-the-most-anticipated-ipos-in-2026-114439441.html

* Anthropic shadow IPO market hints at trillion dollar valuation surge in AI: https://finance.yahoo.com/markets/article/anthropics-shadow-ipo-market-is-already-flashing-trillion-dollar-prices-141451664.html

* Congress investigates Sam Altman over $2B in self-dealing before IPO:

https://www.wsj.com/tech/ai/sam-altmans-business-dealings-under-gop-scrutiny-ahead-of-openais-ipo-52c1cc4d 

Anthropic Investor Warnings and Scams

* Anthropic warns investors about risky stock deals and AI investment traps: https://finance.yahoo.com/markets/stocks/articles/anthropic-warns-investors-avoid-certain-165237624.html

* Official alert on unauthorized Anthropic stock sales and how to avoid scams: https://support.claude.com/en/articles/13704655-unauthorized-anthropic-stock-sales-and-investment-scams

OpenAI vs Anthropic Rivalry

* OpenAI vs Anthropic rivalry explained with key charts shaping the AI race: https://pitchbook.com/news/articles/3-charts-to-catch-up-on-the-openai-anthropic-rivalry

FOLLOW GOOD REVENUE

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AI CapEx is projected to hit $725B this year, up 77% from $410B, as the Iran war pressures the global economy, with AI/tech and oil and gas outperforming while other sectors struggle. Saudi Aramco warns gas and jet fuel stockpiles could reach critically low levels if the Strait of Hormuz can’t reopen, and the New York Fed’s Global Supply Chain Pressure Index is at its highest since COVID-era peaks. All while Google surges, Meta falters, and Microsoft tests out usage based pricing under margin pressure. Meanwhile, OpenAI’s woes multiply under the weight of an astounding burn rate and an inability to close financing for a critical AI chip deal with Broadcom. Where does all the spending take us in the end? 

CHAPTERS

00:00 AI CapEx hits $725B and why it should concern investors

00:35 How the Iran war is reshaping global sector performance

01:16 Global Supply Chain Pressure Index reaches post-COVID peak

02:20 Big Tech CapEx breakdown 14 Meta, Microsoft, Alphabet, Amazon

02:43 Google Cloud wins the quarter with 63% revenue growth

03:00 Microsoft shifts to usage-based pricing under margin pressure

04:13 Why Meta's CapEx spending is alarming investors

05:05 OpenAI's $18B financing deal is stalling

05:28 Missed growth targets and a $115B projected burn at OpenAI

06:00 OpenAI's IPO ambitions versus the CFO's concerns

06:23 Musk vs. Altman trial 14 Satya Nadella testifies

07:13 Microsoft's $13B investment in OpenAI and the nonprofit dispute

08:03 What Elon Musk is actually asking the court for

08:44 Apple's AI strategy and the new CEO's biggest question

09:18 Apple closes a chip deal with Intel

09:42 Why the U.S. government owns 10% of Intel

IF YOU LIKED THIS, WATCH:

→ Record High Gas Prices Thanks to Iran War, Plus UAE Leaves OPEC: https://youtu.be/SAJUfTa30sA

→ Elon Musk Just Exposed OpenAI's Biggest Secret in Court: https://youtu.be/b5Ye6iYzM6E 

→ What’s Apple Going to Do About AI? https://youtu.be/EQEzwYxllLQ 

SOURCES & FURTHER READING

Global Supply Chain Stress Signals

• Global supply chains hit worst disruption levels since Covid shock data shows: https://www.newyorkfed.org/research/policy/gscpi#/interactive

AI Spending Boom And Big Tech Capex

• AI spending explosion revealed as Big Tech races toward 725 billion hyperscaler capex surge: https://finance.yahoo.com/markets/article/magnificent-7-earnings-rush-reveals-ai-spending-surge-with-hyperscaler-capex-set-to-reach-725-billion-in-2026-224901707.html
• Big Tech AI boom could push capital expenditures past 1 trillion by 2027: https://www.cnbc.com/2026/04/30/ai-boom-big-tech-capital-expenditures-now-seen-topping-1-trillion-in-2027-.html

Cloud Profits And AI Cost Pressures

• Microsoft cloud margins squeezed as AI demand surges and pricing shifts begin: https://thein.fo/3Pba385
• AI costs reshape Big Tech profitability and force strategic pricing changes: https://www.ft.com/content/2138e81c-4d86-46f4-8ca0-287f8b737cdf?syn-25a6b1a6=1

AI Chips And Infrastructure Race

• OpenAI seeks 18 billion in funding to dominate next generation AI chip race: https://finance.yahoo.com/sectors/technology/articles/openai-18-billion-chip-financing-190457172.html
• Apple and Intel move toward major chipmaking deal to secure AI future: https://www.wsj.com/tech/apple-intel-have-reached-preliminary-chip-making-agreement-69eb9370?mod=hp_lead_pos2
• AI chip boom turns unexpected companies into breakout tech stock winners: https://www.wsj.com/finance/stocks/the-chip-craze-is-turning-a-glass-company-and-a-toilet-maker-into-ai-stocks-67198276?mod=hp_lead_pos3

AI Power Struggles And Industry Drama

• Microsoft CEO Satya Nadella pulled into Musk and Altman AI power battle: https://www.cnbc.com/2026/05/11/microsoft-ceo-satya-nadella-musk-altman-trial.html

FOLLOW GOOD REVENUE

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• Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70au
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The US-China summit is touted as a breakthrough, but 4 unresolved conflicts stand in the way: AI chip export controls and smuggling routes through Singapore and Thailand, China’s satellite support for Iran, the Taiwan reunification deadline of 2027, and the decades-long unfair China trade disputes and Section 301 investigations at the USTR. Between the Supermicro founder personally smuggling NVIDIA servers to China, NVIDIA Blackwell and Vera Rubin chip restrictions, the Shadow Fleet sanctions evasion network in Hong Kong, are there just too many issues to resolve peacefully?

CHAPTERS

00:00 Why this summit won't produce a real deal

00:56 AI chips: export controls and smuggling routes

02:30 The Supermicro indictment and Thailand routing

03:51 China distilling US AI models

04:18 Iran: satellites, shadow fleets, and China's role

06:37 Taiwan: the 2027 reunification deadline

07:45 TSMC and the commercial stakes of Taiwan

08:18 Trade: 30 years of imbalance and dumping

09:12 Tariff legal battles and court defeats

10:22 Section 301 investigations: what the data shows

12:14 Vietnam, Mexico, and masked Chinese imports

13:16 Comparative advantage vs. deliberate dumping

14:30 Why rigorous investigations beat executive tariffs

15:06 What to expect after the summit

IF YOU LIKED THIS, WATCH:

→ China Smmugles AI Chips Even While Claiming It Doesn’t Want Them: https://youtu.be/uKjWfRgDfRM

→ Mythos AI Is Too Powerful For General Access: https://youtu.be/ai_oGfsNa2g

→ Mythos AI Hack, Big Tech Isn’t Worried Enough: https://youtu.be/t-POODHfeZQ

→ China’s Selling Satellites to Iran to Target the US: https://youtu.be/SAJUfTa30sA

→ China Cheats US Tariffs With Fake Shell Companies: https://youtu.be/aA_6BWeKHJM

→ China Broke the WTO and Global Commerce: https://youtu.be/gY6bZwhASPw

→ China Dumps EVs Into Global Markets to Prop Up Its Economy & Ruin Competitors: https://youtu.be/fbOx5HsYMoo

→ How China Leads Global Sanctions Evasion & Shadow Fleet Through Hong Kong: https://youtu.be/f_-kMZeCXjs

SOURCES & FURTHER READING

US China Relations and Summit Watch

* US Senators Push for Stability and Cooperation with China Amid Rising Tensions: https://www.reuters.com/business/aerospace-defense/us-senators-urge-stability-cooperation-between-us-china-2026-05-07/

* Trump Xi Beijing Summit What to Watch: https://www.csis.org/analysis/trump-xi-summit-beijing-managing-worlds-most-important-relationship

* Five Critical Things to Watch as Trump Heads to Beijing for High Stakes Talks: https://www.brookings.edu/articles/five-things-to-watch-as-trump-goes-to-beijing/

* Trade Uncertainty Looms Ahead of Trump Xi Summit What It Means for Global Markets: https://www.atlanticcouncil.org/blogs/econographics/as-the-trump-xi-summit-draws-closer-trade-uncertainty-still-looms-large/

* China Spy Satellites Expansion Raises Global Security and Surveillance Concerns: https://www.ft.com/content/1fddd2cd-1294-4e9c-a17d-5ea06b399355?syn-25a6b1a6=1

* China Accused of Supplying Drone Factories in Iran and Russia Despite US Sanctions: https://www.wsj.com/world/china-is-still-supplying-drone-factories-in-iran-russia-despite-u-s-sanctions-1e6820ca?

* Detecting AI Model Distillation Attacks From China: https://www.anthropic.com/news/detecting-and-preventing-distillation-attacks

Sanctions Export Controls and Evasion

* China Sanctions Evasion Network Exposed How Beijing Circumvents Export Controls: https://www.uscc.gov/research/chinas-facilitation-sanctions-and-export-control-evasion

* US Sanctions Hit Chinese Companies as Enforcement Pressure Intensifies: https://www.ft.com/content/f0774270-bf41-41da-98ba-b4cb034cbf67

* Nvidia Chips Smuggled to China via Thailand US Raises Major Security Concerns: https://www.bloomberg.com/news/articles/2026-05-08/us-said-to-suspect-nvidia-chips-smuggled-to-alibaba-via-thailand

* US China Trade and Sanctions Policy: https://www.linkedin.com/posts/peter-harrell-4129647a_i-have-been-reviewing-comments-submitted-share-7453848181735518208-smWj?

FOLLOW GOOD REVENUE

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• Apple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 

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