… Its recent acquisition of xAI means it is also the first of the big three AI startups in the US to go public, with Anthropic and OpenAI following close behind. The company raised $75 billion, valuing it at $1.75 trillion, which would make it the biggest IPO ever by a sizable margin. …
… The union is one of several organizations and activists advocating for greater oversight of SpaceX’s IPO. Some are going as far as calling for investors to boycott the IPO for many of the same reasons they outlined when pressuring Tesla shareholders to dump their stock last year. …
… The country’s biggest public pension funds urged Musk to surrender some of his control ahead of the IPO; it didn’t happen. “If you believe in free and fair markets, the will of the people should matter,” says Rob Lalka, a business professor at Tulane University and author of The Venture Alchemists:… …
… It is well on its way to becoming one of the largest IPOs in history. Anthropic is joining a pretty crowded field. SpaceX, which owns xAI, already filed its paperwork to go public. …
The stakes are especially high for OpenAI’s corporate future, as a bad outcome in this case could negatively impact its plans to file for an IPO later this year. The ChatGPT-maker is racing against Anthropic and Musk’s SpaceX which now owns a rival AI lab, xAI to go public. …
… The revelations come as SpaceX, xAI’s parent company, prepares to go public on Friday in one of the largest IPOs of all time. …
… The partnership comes at a pivotal time for SpaceXAI, which is seeking to go public as soon as next month. A relationship with a leading AI lab could bolster SpaceX’s credibility as it pitches investors on the potential gold mine in establishing more data centers, including in space. …
… Leah Feiger: Is this a good time for SpaceX to go public? Brian Barrett: It's a good question. I do think there is pressure to go public. I think there's only so many $2 trillion IPOs that the market can hang onto. …
… It was bought out this year by SpaceX, which is expected to hold its own IPO next week. The closest parallel to the AI investor cross-pollination may come from about a decade ago. …
… Zoë Schiffer: So a lot of companies go public every single year, but SpaceX's debut marks the entrance of AI companies hitting the public markets. Anthropic is slated to go public, as is OpenAI. …