AI giants SpaceX, Anthropic, OpenAI race toward IPOs
11 reported
According to a Vox podcast report, three leading artificial intelligence companies — Anthropic, SpaceX, and OpenAI — are all expected to go public this year. SpaceX, which recently acquired xAi, is on track to open to investors later this month, while Anthropic has filed confidentially with the SEC for its IPO. Reports indicate OpenAI could go public as soon as September. The combined value of these AI IPOs could total over $3 trillion, with SpaceX’s IPO potentially being the largest in history. The Verge senior writer Liz Lopatto told Today, Explained that a fear of missing out on investors is fueling the rush to market, and that AI is an extremely capital-intensive business requiring funds for compute, data centers, and frontier models. Lopatto noted that Anthropic has shown better discipline than the other companies and is about to make a profit, while OpenAI’s business is scattered and SpaceX’s IPO filing includes what she called “nonsense about Mars.”
What’s reported
Anthropic, SpaceX, and OpenAI are all expected to go public this year.
SpaceX, which recently acquired xAi, is on track to open to investors later this month.
Anthropic has filed confidentially with the SEC for its IPO.
Reports say OpenAI could go public as soon as September.
The combined value of AI IPOs could total over $3 trillion.
SpaceX’s IPO could be the largest in history and could make Elon Musk the world’s first trillionaire.
Liz Lopatto, a senior writer at The Verge, said the rush is fueled by a fear that if a company does not go public first, investors will not wait.
AI is extremely capital-intensive, requiring money for compute, data centers, and frontier models.
Anthropic is about to make a profit and focused on text and enterprise software.
OpenAI created and shut down Sora, has AI image generator headaches, and is embroiled in lawsuits.
SpaceX’s governance structure effectively bars shareholder suits unless a holder has a specific percentage.
Key figures
Liz Lopatto, senior writer at The Verge
Elon Musk, CEO of SpaceX
Sam Altman, CEO of OpenAI
Sean Rameswaram, co-host of Today, Explained
Sources: vox.com
