Crypto
AI Agent Creates SpaceX Memo with USDC for Fraction of Bloomberg Cost
Circle CEO Jeremy Allaire claims that 'the agentic economy has arrived' after an AI agent generated a detailed SpaceX IPO memo for just $1.87 in USDC.
According to Coinbase product lead Nick Prince, the AI agent analyzed SpaceX's S-1 filing and completed the process through six paid API calls for $1.87 in USDC, without relying on traditional Bloomberg terminals that cost $24,000 annually.
The memo included valuation models, debt analysis, underwriting conflicts, governance risks, and long-term projections tied to SpaceX's IPO, ultimately giving SpaceX a 'HOLD' rating while highlighting concerns around xAI losses, debt obligations, and Elon Musk's concentrated control over the company.