SpaceX Forecasted to Burn $350B by 2030, How xAI Went From Chasing Anthropic to Powering It

The Information’s Cory Weinberg breaks down Goldman Sachs' exclusive financial models for the SpaceX IPO, detailing a massive $350 billion cash burn projection through 2030 and the S&P 500's decision to block a fast-tracked index entry. Co-executive editor Martin Peers exposes the internal engineering friction at xAI, including Elon Musk’s habit of firing researchers over unrealistic deadlines and how staff used personal accounts to access Anthropic's models. Finally, San Francisco Bureau Chief Jason Dean unpacks the exclusive scoop that data center developer Switch is in talks with KKR and Brookfield to raise capital at a valuation of at least $50 billion. Articles discussed on this episode:  https://www.theinformation.com/articles/wall-street-expects-spacex-burn-350-billion-cash-2030 https://www.theinformation.com/articles/xai-went-chasing-anthropic-powering https://www.theinformation.com/articles/data-center-developer-switch-talks-raise-billions-50-billion-plus-valuation Subscribe:  YouTube: https://www.youtube.com/@theinformation  The Information: https://www.theinformation.com/subscribe_h Sign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agenda TITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts. Follow us: X: https://x.com/theinformation IG: https://www.instagram.com/theinformation/ TikTok: https://www.tiktok.com/@titv.theinformation LinkedIn: https://www.linkedin.com/company/theinformation/ Chapters: 00:00 - Introduction 01:13 - SpaceX Models Slated to Burn $350 Billion 09:41 - Why S&P Refused to Fast-Track SpaceX  13:32 - The xAI and Anthropic Cat and Mouse Game 19:50 - The AI Paradox for Cybersecurity Stocks 23:01 - Data Center Giant Switch Eyes $50B+ Valuation