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Carrington Clarke

πŸ‘€ Speaker
4780 total appearances
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ABC Business Daily
Big tech goes public

This is kind of one of the drawbacks of actually being listed is that there are supposed to be stricter rules on the way that these companies operate.

ABC Business Daily
Big tech goes public

But usually, well, at least the companies decide to go public.

ABC Business Daily
Big tech goes public

The reason they do it is because they can get better access to money.

ABC Business Daily
Big tech goes public

particularly at a time when we have so much passive investment.

ABC Business Daily
Big tech goes public

And when you're on that index, you get a huge amount of investment in your company just because of your size.

ABC Business Daily
Big tech goes public

And these companies are going to be immediately massive players on the stock market.

ABC Business Daily
Big tech goes public

So we've got a situation now in 2026

ABC Business Daily
Big tech goes public

with three potentially trillion dollar plus launches on the US stock market.

ABC Business Daily
Big tech goes public

SpaceX is expected to go public this month.

ABC Business Daily
Big tech goes public

This is the Elon Musk backed enterprise.

ABC Business Daily
Big tech goes public

The SpaceX refers to its space exploration, but that's only one part of the business.

ABC Business Daily
Big tech goes public

That part is linked directly to his satellite system that allows high-speed internet, Starlink, which is actually where most of the profit is currently coming from.

ABC Business Daily
Big tech goes public

But they're really trying to market this as an AI play as well.

ABC Business Daily
Big tech goes public

He's got Grok attached to X, what was formerly known as Twitter.

ABC Business Daily
Big tech goes public

I mean, it's a complicated mess of a company.

ABC Business Daily
Big tech goes public

But Elon Musk is definitely trying to argue that this is one of the direct competitors with OpenAI, with Anthropic, and is vying to be one of the major players.

ABC Business Daily
Big tech goes public

to control the transformation into our AI.

ABC Business Daily
Big tech goes public

It'll be launching in the next couple of weeks, it looks like.

ABC Business Daily
Big tech goes public

Is there a race going on to get there?

339.2 View full episode β†’
ABC Business Daily
Big tech goes public

And why might there be a race between these big three players to be the first to get to market?