Kara Swisher

Okay.

Let's go on a quick break.

When we come back, SpaceX officially files for an IPO.

Anthony, we're back with more news.

SpaceX has confidentially filed for an IPO.

The filing puts the company in track for a June listing ahead of other upcoming massive IPOs from OpenAI and Anthropic.

There's a lot of them coming this year.

SpaceX will reportedly seek a valuation of $1.75 trillion.

It's not making that much money.

Companies will probably allocate as much as 30% of the offerings to small investors.

That's nice.

I'm going to go through a whole bunch of market things, but I think it's $15 billion in revenue.

And the numbers are really crazy for this.

It's highly overvalued at the same time.

People will probably run into it.

A couple of things, Oracle stock has been fluctuating after laying off thousands of employees.

Microsoft dropped almost a quarter of its value in the first three months of the year.

Worst quarter, OpenAI is beginning to let individual investors access the stock months before its planned IPO.

Lots of companies gotten hit.

Palantir's gotten hit.