… We’ve spent the last few years really wondering if the IPO market was going to quote-unquote “open back up” after a lot of consternation about private markets, and mockery about people reaching their like Series whatever fundraising round. …
… That said, despite Anthropic’s clear boost, OpenAI isn’t seeing a lack of secondary interest. “From a secondary investor standpoint, OpenAI had already grown into a significant portion of its valuation,” Shapiro told TechCrunch. “We haven’t seen OpenAI crater or anything close, and the valuation is… …
… The company’s IPO was oversubscribed by 4x, according to Bloomberg , meaning many institutional investors didn’t receive allocations and are likely buying shares on the open market. …
… Hyperliquid, a crypto betting market that attempts to offer synthetic exposure to SpaceX stock, currently prices the shares at $167, suggesting that market participants expect a classic 20% IPO pop on the first day of trading. …
Loading the player… The IPO market is back, and it’s not the same companies leading the charge. …
Elon Musk is now the world’s first trillionaire after SpaceX’s public markets debut on Friday , according to Bloomberg News . The SpaceX founder and CEO owned roughly $860 billion worth of the rocket company’s stock after it was priced at $135 per share just ahead of the IPO. …
… But the prospect of acquiring the startup must have seemed even easier to swallow post-IPO: Since going public last Friday, SpaceX’s stock has gone from its IPO price of $135 per share to more than $200 per share in pre-market trading as of Tuesday morning, adding nearly $1 trillion — or roughly 16… …
… The volatility continued into after-hours trading, which saw SpaceX’s valuation briefly eclipse Amazon’s market cap for a second time before falling again. Topics AI , In Brief , IPO , Space , SpaceX , spacex ipo When you purchase through links in our articles, we may earn a small commission . …
… View Bio Most Popular NASA picks Eric Schmidt’s rocket company for Mars mission, setting up a race with SpaceX SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO ChatGPT’s market share slips below 50% for first time The US government’s Anthropic models ban was never about an AI …
… Topics In Brief , India , Space , spacex ipo , Starlink When you purchase through links in our articles, we may earn a small commission . …