John Ruich
👤 SpeakerAppearances Over Time
Podcast Appearances
SpaceX said earlier this month it's aiming to sell around 556 million shares to the public at an expected price of $135 each.
But analysts say demand has been strong as the company and investment banks have marketed the shares ahead of their debut.
That means the offer price and the amount of money SpaceX raises could change.
SpaceX's listing is one of three blockbuster IPOs in the pipeline that are a major test of investor appetite for AI.
OpenAI, which makes ChatGPT, and Anthropic, maker of Claude, have both filed paperwork with the government to indicate their intent to list.
OpenAI's plans to list shares on the stock exchange have been an open secret for a while now.
But they've taken the first step, saying they submitted confidential paperwork, joining a wave of blockbuster IPOs this year.
The move comes after competitor Anthropic, which makes the clawed AI models, filed the same paperwork about a week ago.
And Elon Musk's company SpaceX, which does rockets, satellite communication, social media and AI, is poised for its own initial public offering of shares to the public later this week.
OpenAI says it has not decided on the timing yet and says it may be a while because there are things the company wants to do that are likely easier as a private company.
The filing, it says, gives it the option to go public sooner if that ends up being the best thing.
Anthropic's brief announcement says the timing of the proposed initial public offering will depend on market conditions and other factors.
But analysts expect Anthropic's mega IPO to come later this year, along with two other blockbuster listings, Elon Musk's SpaceX and OpenAI, maker of ChatGPT.
Last week, Anthropic announced that after a fresh round of fundraising, the company's valuation stood at $965 billion.
That makes it bigger than OpenAI.
The potential trio of tech IPOs comes at a time of great hype and concern about artificial intelligence.
AI-linked stocks have been soaring, but polls show there's growing public concern about AI and the effect it'll have on society.