Rich Washburn

SpaceX hit $3 trillion this week. Let that sit for a moment. Not the number itself — numbers like that are hard to actually feel. But the context around it. Four days ago, SpaceX priced its IPO at $135 a share, raising $75 billion in the largest public offering ever recorded. By Tuesday it was touching $225. The market cap crossed $3 trillion before the ink on the prospectus was dry. Anthony Pompliano put it simply: Elon Musk made more money in the last 24 hours than Warren Buffett made in...

Three companies went public in the span of two weeks. SpaceX raised $75 billion in the largest IPO on record. Anthropic filed confidentially, coming off a valuation that touched $965 billion. OpenAI followed days later, targeting somewhere north of $1.75 trillion. None of this changed the models. None of it moved a data center. The infrastructure is where it was. The research is where it was. But something did shift — and it's worth being precise about what. When a private company goes...

Anthropic just published a blog post called When AI Builds Itself. It's the most honest thing a frontier AI lab has ever put in writing. And the fact that they published it tells you everything you need to know about where we actually are. Let's start with the number that should stop you mid-scroll. More than 80% of the code currently being merged into Anthropic's production codebase was written by Claude. Read that again. The company building the AI is now primarily powered by the AI it's...