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

SpaceX's $2.2 trillion IPO has shattered records, making Elon Musk the world's first trillionaire and triggering a frenzy around the valuation of space-based infrastructure. The company's market cap, driven by a 4.3% float and explosive demand, reflects a bet not just on rockets, but on a future where orbital data centers—powered by Starlink and AI—become the backbone of global compute. Despite a price-to-sales ratio of 107x, far exceeding even NVIDIA’s 24x, investors are pricing in Elon’s track record of executing 'impossible' feats. Meanwhile, Anthropic is making a seismic shift: moving from renting GPU space to securing gigawatt-scale data center leases, backed by a $40 billion Google investment and a $1 trillion commitment to AI infrastructure over seven years. This marks a pivotal moment in the AI race, where ownership of physical compute capacity is becoming as critical as model innovation. Yet beneath the hype lies a growing cultural war: anti-data center movements, often fueled by AI-generated propaganda, are spreading across red states, revealing a deep societal tension between technological progress and local resistance. As the AI bottleneck thesis accelerates, the real battleground isn’t just in silicon—it’s in the political and social fabric of where data centers are allowed to exist. The episode reveals that the future of compute is no longer confined to earthbound facilities. SpaceX’s Starlink, now a $11.