SpaceX’s Falcon 9 rocket has changed the cost structure and market share of the global launch vehicle market by combining reusability with a high launch frequency, an analysis said. Researchers who studied more than 6,700 launches from 1960 to 2025 said the United States now carries more than three-quarters of total mass delivered to orbit and has sharply increased its share of annual global payload mass. They said Europe faces a narrowing choice between reliance on low-cost U.S. launch services and expanding its own, costlier technology.

Investors are increasingly expecting Anthropic to be valued at more than $2 trillion in an initial public offering in October, which could make it the largest IPO on record and surpass SpaceX. Anthropic has not set an official valuation target, but investors cite rapid revenue growth and rising demand for advanced AI models. Some investors see a $3 trillion valuation as possible. Anthropic faces risks including tougher competition with China and U.S. export controls.