… The Texas-based company didn't disclose how much money it is seeking to raise, but a draft IPO registration filed in April put the amount at up to $75 billion. That would easily surpass the $29.4 billion IPO record set by Saudi Aramco in 2019. …
… An OpenAI IPO could require investors to price in substantial future expansion despite these uncertainties. Overall, the IPO race could serve as a broader stress test to determine if the AI industry is actually based on a durable business model.
… Musk's SpaceX, which merged with xAI earlier this year, filed for an IPO in April. …
… Both Goldman Sachs and Morgan Stanley have been assisting OpenAI in drafting IPO documentation and may file it with regulators as soon as Friday, according to The Journal. On Monday, a jury dismissed all claims in Elon Musk's lawsuit against Altman , which paved the way for IPO talks. …
… The frenzied IPO race reflects the market's eagerness to cash in on its trillion-dollar bets, as AI companies rush to secure the massive funding needed to survive. …
… June 12, 2026 at 10:21 AM PDT The 'most rigged' IPO in American history By Laura Michelle Davis SpaceX's IPO looks like a rigged deal to make Elon Musk richer while the rest of us take the hit in our retirement accounts, one US senator said this week. Ahead of today's SpaceX IPO, Sen. …
… Bloomberg reported that the structure of the Cursor deal is partly because an outright acquisition now could further complicate the planned IPO -- already a nightmare of filings and paperwork. …
… The biggest underlying story is SpaceX's plans to go public, potentially the largest IPO in stock market history. …
… The IPO could value the company at $1.75 trillion, enough to make CEO Elon Musk the first-ever trillionaire. …
… The company’s initial public offering on June 12 is poised to be the largest IPO in history, which would make Musk the world’s first trillionaire. …