SpaceX's artificial intelligence division, rebranded as Super Intelligence, generated $7.56 billion in revenue last quarter, up from $813 million a year earlier, making it the company's largest business unit and driving overall revenue growth of 161%. JPMorgan responded by doubling its price target on SpaceX to $500.
Anthropicis preparing to file its S-1 registration statement publicly as soon as Friday. A draft prospectus reviewed by the Wall Street Journal reveals a reported net loss of $80.7 billion for the first half of the year, though approximately $72 billion stems from non-cash accounting treatment of convertible notes, reflecting the company's significant valuation rather than actual cash burn.
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