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Nuclear Powers Spent Record of $119 Billion on Arsenals in 2025, Report Says

10 June 2026 at 14:01
Soldiers use a crane to load a large military missile onto a transport vehicle.
Russian military personnel load a missile onto a transport vehicle. Nuclear powers spent a record of $119 billion on their arsenals in 2025, according to ICAN. Credit: Russian Defence Ministry / EPA / AMNA.

Nuclear powers spent a record of $119 billion on arsenals in 2025, as the world’s nine nuclear-armed states significantly increased their weapons-related expenditure, according to a new report by the International Campaign to Abolish Nuclear Weapons (ICAN).

The figure marks a 19 percent rise from 2024, with nuclear powers spending $17 billion more than the previous year. ICAN warns that the increase reflects a broader trend that is likely to continue for decades. The report covers the United States, Russia, China, the United Kingdom, France, India, Israel, Pakistan, and North Korea.

ICAN warns of a new nuclear arms race

As per the Nobel Peace Prize-winning organization, rising geopolitical tensions are fueling what it describes as a new nuclear arms race. ICAN has also raised concerns over the possible role of artificial intelligence in nuclear decision-making, warning that AI could accelerate the process leading to the potential use of nuclear weapons.

Susie Snyder, ICAN’s program coordinator and one of the report’s authors, described the figures as deeply troubling. Speaking to Agence France-Presse, she declared it’s deeply terrifying.

US spent more than all other nuclear powers combined

The United States remained the world’s largest nuclear spender in 2025, allocating $69.2 billion to its arsenal. That was $12.4 billion more than in 2024 and more than the combined total spent by the other eight nuclear-armed states. China ranked second, with estimated spending of $13.5 billion. The United Kingdom followed with $12.6 billion, while Russia spent $9.5 billion.

According to ICAN, the nine nuclear-armed countries have spent over $470 billion on their arsenals in the past five years.

Long-term nuclear programs could last beyond 2100

The report reveals that nuclear weapons spending is expected to continue rising as countries modernize and maintain their arsenals over time. ICAN points to spending plans in the United States, the United Kingdom, and France that could necessitate billions of dollars through the end of the century. Other nuclear-armed states are also developing weapons systems designed to remain in service for decades.

In the United States, the planned Sentinel intercontinental ballistic missile program is expected to remain operational beyond 2100. Based on the report, expanded US production of plutonium pits could support nuclear warheads until at least 2120. ICAN estimates that the United States alone is expected to spend nearly $1 trillion on its nuclear arsenal between 2025 and 2034.

Report compares record spending by nuclear powers with global needs

The scale of spending, ICAN says, comes as governments face pressing global challenges, including health care, food security, and humanitarian needs. According to Snyder, the amount spent by nuclear-armed states in 2025 would have been enough to fund the United Nations budget dozens of times over. She added that a single day of nuclear weapons spending could have guaranteed food security for two million people last year.

The report argues that nuclear-armed countries are committing public resources to weapons that, according to Snyder, they “could not use without committing a war crime.” ICAN maintains that the latest figures show that nuclear weapons spending is becoming a long-term strategic priority rather than a short-term response to current global tensions.

OpenAI Takes First Step Toward Stock Market Debut

10 June 2026 at 00:31
OpenAI files for IPO
OpenAI files for IPO. Credit: Focal Foto / Wikimedia Commons / CC BY-SA 4.0

OpenAI confirmed Monday it has confidentially filed an IPO with U.S. regulators, joining rival Anthropic as the AI sector moves toward public markets. No timeline, share count, or pricing was announced.

The company said the move preserves the option for an earlier listing, while some decisions are easier to handle as a private firm.

Reuters reported OpenAI is targeting a valuation near $1 trillion for a debut possible as early as September. Anthropic filed for a U.S. IPO on June 1 after a $65 billion funding round valued it at $965 billion.

SpaceX is also pursuing a $75 billion offering at a $1.75 trillion valuation. Analysts say the simultaneous push by three major AI companies toward public markets is the most significant development of its kind for technology investors in a decade.

$2 billion monthly revenue signals rapid growth beyond ChatGPT

In March, OpenAI raised $122 billion from SoftBank, Amazon, and Nvidia at a valuation of $840 billion to $852 billion. ChatGPT had exceeded 900 million weekly active users and 50 million paying subscribers.

Monthly revenue stood at $2 billion, up from roughly $1 billion per quarter at the end of 2024, growing nearly four times faster than Alphabet and Meta at comparable stages. Internal projections put the company’s break-even point no earlier than 2030.

JUST IN: OpenAI confidentially files for IPO. pic.twitter.com/sAORVBWEy1

— Whale Insider (@WhaleInsider) June 8, 2026

Beyond ChatGPT, OpenAI launched tools for government, healthcare, and finance, a web browser, consumer hardware plans, and an AI coding agent. It added a lower-cost $8 subscription tier and advertising as new revenue sources.

The Information reported in April that OpenAI projects 122 million subscribers this year and expects advertising to lead revenue by 2030.

A renegotiated Microsoft deal, covering $13 billion in investment since 2019, enabled growth at Azure and opened new agreements with Amazon and Alphabet.

OpenAI files its IPO amid legal battles and market pressure

Gil Luria of D.A. Davidson warned that large AI listings and Google’s recent secondary share sales could reduce the capital available for smaller offerings.

Michael Ashley Schulman of Cerity Partners said OpenAI appeared to be keeping its options flexible while Anthropic moved ahead in the IPO filing process. Prediction markets had expected OpenAI to file first.

OpenAI began as a nonprofit in 2015 and later added a for-profit arm under nonprofit oversight, a structure that drew attention when CEO Sam Altman was ousted by its board and reinstated within days in late 2023.

The company announced plans to convert to a public benefit corporation in December 2024. Early backer Musk filed a lawsuit alleging Altman and others redirected the organization from its founding mission for personal benefit.

A jury ruled against Musk in May, removing what analysts described as a significant legal obstacle ahead of the OpenAI IPO filing. His attorneys plan to appeal. Separate lawsuits link ChatGPT to shootings and suicides, and public skepticism toward AI persists.

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