Blockspace: SpaceX’s $2T IPO by the Numbers and Anthropic’s 1 GW Search for Capacity

**Colin** (0:05)
What is going on, y'all? Welcome back to Blockspace Live. Charlie, today is the day. SpaceX IPO today, and I regret to inform any of you on the sidelines, it is already up 16% on the day.
And Elon Musk also just became the world's first trillionaire based on his stake in SpaceX at current prices. So we will be covering the IPO, including things to know like retail allocation, the current float of the stock, which is very low, and some other financial metrics. Then we will have Brandon Bailey of Nakamoto on, formerly of Second Gate and Galaxy, talk about the IPO, also an incredible Bloomberg-ass dashboard that he has built for the AI and HPC landscape, and some of his thoughts on the current AI stock market, and what that means for Bitcoin's outlook over the next few years. Following that, we will have another follow up on SpaceX, because some of you are probably wondering, how does SpaceX make any money, and why are people valuing it so highly? Charlie's got some great details on this, including feasibility for some of its satellites. Following up with that, we have the information's breaking scoop, that Anthropic is seeking out a gigawatt plus of data center space, not GPU space, they're going to start buying the GPUs and they're looking for hosts to host them. After that, Charlie's also got one more follow-up, checking in on the culture war with the AI data center buildout.

**Charlie** (1:38)
That's right, Blockspace goes live every single weekday at 1 p.m. Eastern featuring quick hits on data centers, AI, SpaceX now, Bitcoin, mining and emerging tech. Make sure to hit subscribe, push that notification bell on YouTube to get the notifications pushed. To you as you speed along in your Tesla careening down I-95 to Stargate USA. If you like this, it turns into a podcast. Make sure to subscribe to the Blockspace Feed Podcast. If you're listening to CoinDesk, you have days before we leave CoinDesk. So stop what you're doing, go search Blockspace in the feed and subscribe there.
This show is brought to you by CleanSpark, Nasdaq Listed, ticker CLSK. Let's kick it off.
Calling Elon is the first trillionaire. He's gotten rich despite the fact that his company owns Bitcoin. And if you own Bitcoin-

**Colin** (2:41)
Despite the fact that his company owns Bitcoin, despite the fact that he's Hitler, man is defying odds left and right.

**Charlie** (2:48)
Yeah, so, I mean, you brought it up. I've got to-
You brought it up. Here we go. Look how far we've come. Here's a picture of Elon Musk and Kanye West himself from 2011 in front of a very worn SpaceX cap.

**Colin** (3:08)
And a very thin and young Elon, I'll also add.

**Charlie** (3:13)
Look, there's a direct correlation between the capitalist pig you are and the weight you accrue. So anyway, but this Elon becomes the first, world's first trillionaire as reported by Bloomberg. I believe this happened around somewhere around 150 bucks, like maybe 170 some odd dollars SpaceX share price, which by the way is having a ripper of an IPO this morning. Let's check in on the chart.
Boom. It is going to the moon. 174, barreling on $175 per SpaceX share.

**Colin** (3:53)
Hang on. You got to get the trading view up. We're dropping in real time right now.

**Charlie** (3:57)
Oh my God.

**Colin** (3:58)
Look at this volatility. This makes sense because we'll get into some of the numbers here in a second. But the float for this IPO is 4.3 percent.
So only 4.3 percent of shares are currently trading.
So you're going to see some wild volatility in the weeks to come, I would imagine. I'll get into the lockup schedule here in a second. But going back to what Charlie was saying about Elon being the first trillionaire from this, the vast majority of that wealth is not liquid right now. Elon has a 366-day lockup for his shares. Now, he would not sell all of those anyway. He couldn't because then he would just destroy the stock. But the other thing I think it's worth highlighting here is not only it does make him the world's first trillionaire on paper, it also makes him the first person to ever found two trillion dollar companies.

**Charlie** (4:55)
You joke like 4% of trading that was this like a low float high FDV move. I'm eating directly from crypto.
Look, SpaceX right out the gate $174 per share. That makes the market cap as of right now $2.2 trillion, Colin. So the Polymarket, which we're watching to see if SpaceX resolves above or under $2 trillion by the end of this first trading day, or I think it's any first trading day in the near future, so far that Polymarket is yes, so doing pretty well. However, Colin, there are other markets out there. It's not just Nasdaq and S&P. Now, you can go on CNBC and see not just Polymarket, not just the S&P or Nasdaq. You can go and you can look at Hyperliquid. Yes.