Is the US considering taking a stake in the five biggest AI giants? Reports say Trump will discuss this week how to ensure the “US-China AI race” is locked in on key strengths

U.S. President Trump will meet with top executives from OpenAI, SpaceX, and others to discuss government equity investment. This move continues the government shareholding model and could directly impact SpaceX's IPO valuation of $180 billion and its future governance structure.

According to Yahoo Finance, President Trump stated on Air Force One on June 5th that he will meet next week with senior executives from five AI companies, including OpenAI, Anthropic, Google, Meta, and SpaceX, to discuss the possibility of government equity participation.

Trump described this direction as "very interesting, almost becoming a partnership," with the U.S. government adding AI to the list of industries it directly holds shares in, following Intel, rare earths, and quantum computing companies.

Revealed list of five companies, SpaceX included, changes IPO valuation formulas

The five companies named by Trump cover AI model development (OpenAI, Anthropic), cloud and advertising ecosystems (Google, Meta), and rocket launches and data center construction (SpaceX). SpaceX's inclusion in this list is a key new development: SpaceX is currently conducting an IPO roadshow with an estimated valuation of about $180 billion. If the U.S. government enters via equity, it will directly alter the IPO valuation and governance structure—providing national backing on one hand, but potentially introducing policy restrictions on launch plans and data centers.

In SpaceX's IPO subscription rules announced on June 5th, Chinese and Hong Kong investors were excluded (as previously reported by Chain News); simultaneously, Google announced it pays SpaceX $920 million per month to lease its Memphis data center capacity. If government equity participation overlaps with existing collaborations, SpaceX's role could shift from a purely private aerospace contractor to a dual-strategy infrastructure provider for AI computing power and launches.

"Partnership" as an extension of the same government shareholding trajectory seen with Intel and quantum computing

Trump emphasized the "partnership" framework during the interview. This continues the model established earlier by his administration: investing in Intel to localize semiconductor manufacturing, investing in rare earth companies to secure defense supply chains, and investing in quantum computing firms to bet on the next computing paradigm. AI is an extension of this trajectory—publicizing private companies' strategic products through government shareholding, aiming to lock in key capabilities in the US-China tech competition.

Trump stated that he will meet directly with the five companies' executives next week, but the White House declined to comment on the meeting details or whether the topic of equity investment would be discussed. As of the report, OpenAI, Anthropic, Google, Meta, and SpaceX had not responded publicly.

Impact on AI-themed trading and policy directions

For AI-themed trading, if government equity participation materializes, it would add a "sovereign premium" to AI company valuations, but also make future mergers, export controls, and model release review processes more direct. The Trump administration previously shifted AI model release reviews from mandatory to voluntary (with OpenAI publicly stating cooperation). If equity investment is established, the line between mandatory and voluntary review will blur: the government, as a shareholder, could influence board-level decisions without needing administrative orders.

Based on recent clues related to SpaceX (pre-IPO perpetual contracts, Coinbase listing, pre-IPO contracts dropping 50% triggering Hayes' exit from WLD, Google’s $920 million/month computing contracts, IPO exclusion of China and Hong Kong), if the government’s equity participation is seriously discussed next week, it will be a decisive factor in SpaceX’s valuation and governance structure at listing. Future observations include whether the meeting time and participant list are officially announced, and whether the five companies publicly state their positions before the meeting.

• This article is reprinted with permission from Chain News
• Original title: "Trump to Meet with OpenAI, Anthropic, Google, Meta, SpaceX Next Week to Discuss Government Equity"
• Original author: Elponcrab