Hi and welcome to TechScape. Nick Robins-Early here, US tech and power reporter at the Guardian. I’m filling in for your usual host Blake Montgomery, who is out this week on vacation.Today, we’ll be talking about the historic SpaceX IPO and the US government’s surprise order to limit the use of Anthropic’s most advanced AI model over cybersecurity concerns. I’ll also share a dispatch from Web Summit Rio, South America’s largest tech event.SpaceX IPO mints Musk as a trillionaireElon Musk’s SpaceX hit the market on Friday in the biggest IPO of all time, raising $85.7bn and easily shattering the previous record of $29.4bn set by the Saudi oil giant Aramco. The rocket, AI and satellite communications company ended the day at $160.95 per share, up from its IPO price of $135 and satisfying any Wall Street skepticism over the unorthodox rollout of the stock.SpaceX’s successful market debut turned Musk into the world’s first trillionaire, an unprecedented accumulation of wealth that supporters touted as a testament to his financial genius and critics denounced as a symbol of a broken economic system. Prominent Democrats including Elizabeth Warren and Alexandria Ocasio-Cortez issued posts on X denouncing Musk’s exorbitant fortune and calling for a wealth tax on the ultra-rich.Musk’s new-found trillionaire status further cemented the immense amounts of wealth being consolidated in the tech boom, with Anthropic and OpenAI also set to hold blockbuster IPOs later this year at sky-high valuations. While putting unfathomable sums of money into the hands of major investors and tech moguls, these companies have also become load-bearing pillars of the US economy itself. Everyday Americans also are having their financial futures increasingly intertwined with companies like SpaceX through 401k retirement funds and index funds, putting everyone at risk should these firms struggle to meet their lofty goals.Musk claimed on Sunday that SpaceX could bring in $1tn in revenue by 2030. Musk says a lot of things that do not pan out, and some major market analysts are far more skeptical about what kind of returns the company will see in the next five years. Much of it depends on what happens in the broader AI boom and whether the company’s plans for putting datacenters in space, among other moonshot ideas, ever come to pass. Now that SpaceX is public, it will be harder than ever not to have a stake in the outcome.More on SpaceX’s IPO