The AM Brief, Saturday June 13, 2026 Part 2
Hello,
It’s noon in Tampa and here is a recap of events that caught my eye. Part 2
SpaceX’s historic Nasdaq IPO debuted at $135, closing up 19% at $161 for a $2.1 trillion valuation, the US's sixth most valuable company, surpassing Tesla. This surge pushed Elon Musk’s net worth to $1.1 trillion, a figure exceeding most nations' GDPs. The IPO minted new billionaires among early employees and investors, marking a staggering milestone in Musk’s career, which began with Zip2 and PayPal. Musk’s fortune remains largely illiquid and tied to public holdings. The wealth surpasses Switzerland's GDP; at $1M/hour, it would take over a century to spend.
Prada and Axiom Space unveiled the Liquid Cooling and Ventilation Garment (LCVG), a high performance undergarment for NASA’s Artemis lunar missions. Worn beneath the Axiom Extravehicular Mobility Unit (AxEMU) spacesuit, the LCVG uses a network of tubes to circulate cooling water and deliver oxygen, ensuring thermal regulation and comfort during eight hour spacewalks. Prada’s contribution leverages its expertise in materials, 3D modeling, and advanced textile engineering. The LCVG features a fully redundant cooling circuit, a safety innovation that activates a backup loop if the primary system fails. The partnership reflects a growing trend of merging high end fashion design with aerospace engineering to prioritize both functionality and astronaut comfort.
The race to go public has intensified as Anthropic and OpenAI both submitted confidential IPO filings in early June 2026. This competition is central to the generative AI boom, with market positioning and first mover status viewed as crucial for maximizing valuations. The rivalry mirrors historic tech battles like Gates vs. Jobs; notably, OpenAI’s 2022 decision to fast track ChatGPT was a direct response to Anthropic’s early development plans. For both, the IPO is a high-stakes test of investor appetite. These filings come amid a broader wave of "mega-IPOs" in 2026 (including SpaceX), leading analysts to warn of potential capital market disruptions and concerns regarding the sustainability of current trillion dollar private AI valuations. The ongoing friction between CEOs Sam Altman and Dario Amodei is increasingly cited as the defining corporate rivalry of the decade, paralleling the classic conflicts that shaped the internet and mobile computing eras.
Sources : CNBC, Bloomberg, Opening Bell, Epoch, Yardeni, Forbes, Rundown AI, Mario Nawfal, X
Thank you for reading
Live your best life,
AL Maulini