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SpaceX is expected to go public sometime around the middle of next month, seeking a public market valuation of approximately 1.5 trillion USD. Meanwhile, OpenAI, the parent company of ChatGPT, has a latest valuation of 852 billion USD in the private market, strongly suggesting that the company also harbors ambitions of reaching a trillion-dollar valuation. Importantly, Musk has successfully turned SpaceX into a unique company with a deep competitive moat. In contrast, as OpenAI approaches going public, companies such as Alphabet's Google and Anthropic have already built competitive AI models that are eroding ChatGPT's first-mover advantage. To support such lofty valuations, both SpaceX and OpenAI remain relatively small in scale. SpaceX generated 18.7 billion USD in revenue in 2025, while media reports indicate OpenAI earned 13.1 billion USD in the same period. In terms of revenue scale, this would place both companies at about the mid-range within the S&P 500 index constituents. According to S&P Global Market Intelligence data, the eleven companies in the index currently valued at over 1 trillion USD each report average annual revenues slightly above 260 billion USD. For SpaceX, a 1.5 trillion USD valuation would represent significant investor confidence in Musk's ability to achieve at least some of his sci-fi ambitions. For now, however, SpaceX has already developed a unique business model that is difficult to replicate.

HP expects earnings per share after excluding restructuring costs and other items for the quarter ending in July to be between $0.61 and $0.71. Although the midpoint of this range, $0.66, is above the average estimate, data shows that some analysts have forecast as much as $0.73.