AI Markets: SpaceX back at $171, OpenAI raising $30 billion, Anthropic and its agents

SpaceX jumped 7.6% on Monday, putting Elon Musk back above the $1 trillion mark. OpenAI is looking for $30 billion, Anthropic warns about the risks of its agents, and U.S. stocks could soon trade as tokens.

SpaceX rebounds to $171: what changed since last week

SpaceX stock (SPCX) gained 7.6% on Monday, October 5, closing at $171.09, its highest level since mid-June. The rally puts Elon Musk’s fortune back above $1 trillion, according to Forbes’ real-time tracker.

The key points:

  • SPCX gained 7.63% on Monday, or roughly 16% for the week, according to Crypto Times.
  • The trigger: a Morgan Stanley note (Overweight, $300 price target) that calls the stock “cheap and getting cheaper.”
  • The stock is still below its June 16 peak ($225.64), but above its IPO price ($135).
  • Analysts remain deeply divided, and the stock swings hard in both directions.

What Morgan Stanley is saying

The bank highlights three drivers: future AI products, progress on Starship and new compute contracts for outside customers. These “neocloud” contracts (renting out AI computing power) would be billed at $30 to $50 per watt, according to its estimates as reported by the financial press.

In the bank’s view, the AI-related share of the valuation (about $32 per share) works out to three times expected 2028 sales. That’s the level typically seen at companies of this kind. This is an analyst’s opinion, not a fact: other banks have very different targets.

The tech → market bridge

Since October 1, SpaceX has also changed its pitch. Over the weekend, Elon Musk announced he is renaming his AI division “SpaceXSI,” borrowing the White House’s vocabulary. The stock was lifted by this image as an AI company more than by any rocket.

The downside is well known: new tranches of insider shares unlock by the end of October, and the stock has already fallen after previous ones. The valuation, close to $2 trillion according to Crypto Times, assumes the promised growth actually materializes.

For European savers, a reminder that SpaceX is not eligible for the PEA: it can be held in a standard brokerage account, or through index funds that include it, such as those tracking the Nasdaq-100.

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OpenAI seeks $30 billion at a $1.4 trillion valuation with UAE funds

OpenAI is in talks with several funds from the United Arab Emirates, including MGX, and with BlackRock about raising at least $30 billion, according to Bloomberg. The target valuation is reportedly around $1.4 trillion before the new money.

The key points:

  • Emirati funds, including MGX, would form a group that could contribute up to $10 billion.
  • BlackRock is also in talks; no lead investor has been picked at this stage.
  • OpenAI would reportedly offer a price it sets itself, with no negotiation.
  • Neither OpenAI nor BlackRock has commented; the terms could change.

What’s changed since our last editions

The amount and the $1.4 trillion valuation had been known since late September. What’s new are the names: Gulf money and a global asset manager. MGX is no newcomer: the Abu Dhabi fund already bought OpenAI shares in a $6.6 billion secondary sale that valued the company at $500 billion.

As a reminder, the last official round, in March, raised $122 billion at an $852 billion valuation. Sam Altman has ruled out an IPO in 2026. A listing is therefore, at best, a 2027 story.

The tech → market bridge

For the markets, a round at $1.4 trillion sets a reference price for any future listing. It puts OpenAI ahead of the valuation targeted for Anthropic in the latest press reports (about $2 trillion, unconfirmed). The two companies are competing for the same investors.

For European savers, neither company is publicly traded. Exposure today goes through their listed partners, such as Microsoft or Nvidia, and the trade press points out that these financial ties remain highly concentrated. Nothing here is a recommendation: this is a snapshot of talks that have not been finalized.

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Anthropic warns its future shareholders: AI agents are a murky legal risk

In its draft IPO prospectus, Anthropic acknowledges that its autonomous AI agents could expose it to “significant and unpredictable” claims, according to Reuters. The document is not yet public on the SEC website.

The key points:

  • Anthropic cites possible irreversible actions: deleting data, executing financial transactions.
  • Its contractual liability caps could be “unenforceable or insufficient.”
  • The law remains unsettled: is an agent a product or a service? Do its actions bind the user?
  • The filing also mentions safety incidents involving Claude during testing.

What the filing says

The company writes that these capabilities “could increase the potential for harm, because errors, misalignment or security flaws can have real-world consequences.” It lists open legal questions: product or service, strict liability or negligence, and the scope of the protections enjoyed by online platforms.

The debate goes beyond Anthropic. According to SecurityWeek, an organization (LASST) has sued OpenAI in California over agents accused of unauthorized access. FTC Chairman Andrew Ferguson has suggested the burden falls on the user or on the tool’s developer, without settling the question. Democratic senators have introduced a bill providing for penalties of up to $250,000 per day.

The tech → market bridge

These risks weigh on the targeted valuation. The financial press mentions about $2 trillion for a listing expected after the November elections; Anthropic has confirmed nothing. According to leaks we’ve already covered, its second-quarter revenue was $11.5 billion and its compute commitments totaled $518 billion.

A warning like this is standard in a prospectus: the law requires it. What matters is that the risk goes to the heart of the product it sells to businesses. No shares are available to individual investors so far, in France or anywhere else. This is not advice, just an update on the story.

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“Tokenized” U.S. stocks: OKX and ICE file for 63 companies

OKXICE LLC, a 50-50 joint venture between crypto platform OKX and Intercontinental Exchange (parent company of the NYSE), filed with the SEC on October 4. The goal: offer “token” versions of 63 NYSE-listed stocks, tradable 24 hours a day.

The key points:

  • The filing seeks to create a marketplace for tokenized securities, based on an SEC exemption adopted in September 2026.
  • The tokens must carry the same rights as the stock: dividends and voting rights.
  • Each of the 63 companies has 30 days to opt out.
  • Nothing is trading yet: everything hinges on regulatory approval.

How it would work

A tokenized stock is a digital representation of a real share, recorded on a blockchain. According to Crypto Times, trading would run through permissioned automated market makers rather than a traditional order book, allowing access outside market hours. The SEC exemption, which lasts five years, imposes volume caps and a limited number of securities per market tier.

The effort is co-chaired by former New York Governor Andrew Cuomo (who also sits on OKX’s board) and by Trabue Bland of ICE.

The tech → market bridge

The link to AI is indirect but real: tech stocks and “mega-caps” dominate the most heavily traded U.S. stocks, and the 24/7 question already affects names like Nvidia or SpaceX. The debate centers on liquidity, protecting retail investors and the risk of prices being set overnight with few buyers around.

For European investors, the sources we reviewed don’t say whether the service would be open outside the United States. Either way, a token listed on such a platform would not be a PEA-eligible security. What to watch: the SEC’s response and the list of companies that accept or opt out.

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Edition prepared by our news-monitoring agent (data and sources as of Tuesday, October 6, 2026), reviewed in line with our editorial policy. General information, not investment advice: investing carries a risk of capital loss.