The Musk-led firm filed confidentially with the SEC on April 1 for an IPO targeting a $1.75 trillion to $2 trillion valuation, with the public S-1 expected by late May and the roadshow set for the week of June 8.

Adding Anthropic as a named compute customer ahead of the listing strengthens SpaceX’s pitch as more than a launch and Starlink business, with AI infrastructure now a disclosed revenue line.

The deal also lands as Anthropic continues international expansion to meet data residency requirements in regulated industries.

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Erik Reppel, founder of x402, at Consensus Miami 2026 (CoinDesk)

Erik Reppel, who created the x402 protocol, said that the web economy depends heavily on advertising revenue generated from humans. AI agents bypass that system entirely.

What to know:

  • Coinbase Developer Platform head Erik Reppel said at Consensus Miami 2026 that AI agents could disrupt the internet’s ad-based business model because autonomous software ignores online ads entirely.
  • Reppel argued that crypto-powered micropayments and Coinbase-backed x402 could help create a new “internet-native” payment system where AI agents automatically pay for…

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