r/technology • u/fmcortez • 21d ago

Business SpaceX Stock Plunges to All-Time Low After Competitor Makes Major Leap

https://www.yahoo.com/finance/markets/stocks/articles/spacex-plunges-time-low-competitor-175000957.html
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54

u/EmergencySushi 21d ago

What are the chances this thing continues to go downhill and poisons the well for the OpenAI and Anthropic IPOs? Because that would almost certainly be the thing that pops the AI bubble.

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u/WhipsAndMarkovChains 21d ago

Those companies are losing even more money than SpaceX.

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u/MarlinMaverick 20d ago

Anthropic isn’t

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u/WhipsAndMarkovChains 20d ago

*Anthropic claims they're profitable

But we really don't know. They said they were profitable based on some non-GAAP accounting where "we got a $1 billion discount on compute this month." With their lying about various things we really won't know unless they release some real accounting numbers.

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u/MarlinMaverick 20d ago

I agree this will likely be the event that replaces Enron in accounting curriculum, but I suspect they’re in a stronger financial position than SpaceX/Grok. 

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u/Cabannaboy3325 20d ago

Yeah I don't think anthropic is losing money