… 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 letter on xAI is their first public action in this vein. …
… SpaceX is pursuing the largest IPO in history, with hopes of raising about $75 billion at a valuation of $1.75 trillion. …
The move shows how the ChatGPT-maker is trying to focus its efforts ahead of a planned IPO. …
… In March, SpaceX agreed to buy $805 million worth of turbines from an unnamed company through 2029, according to the IPO filing. …
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. …
… Both OpenAI and Anthropic have confidentially filed for IPOs and are racing to impress prospective investors before they become public companies as soon as this year. …
… Of course, Brockman’s stake in OpenAI could be worth much more than $30 billion if the company successfully goes public in the next two years. When asked whether OpenAI was exploring a potential IPO, Brockman said he believes so. …
… Last month, environmental protesters demonstrated at a nearby SpaceX investor gathering ahead of the IPO. …
