Peter H. Diamandis

Yep.

All right.

Late breaking story.

OpenAI has officially filed its S-1 to go public later this year.

Polymarket bets, 46% say it'll come out at $1.5 trillion or greater, and 26% say it's not going to happen this year.

This would be the third trillion-dollar IPO following Anthropic and SpaceX AI, which is coming out at $1.77 trillion in just a couple of days.

I wanted to just point out a conversation we had on the pod, I don't know, a month and a bit ago, in which, I don't know if you guys remember, Sarah Fryer, the CFO, came out and said privately that she was very concerned that OpenAI was not ready to be a public company.

It had a risk of $600 billion of compute contracts on its books.

I guess she thinks they're ready now.

Dave, what are you thinking here?

The challenge is coming out third during a cash crunch, right?

I mean, there's only so much liquidity out there.

And if you're coming out third and SpaceX is skyrocketing and Anthropic is growing at 640% per year, it's dangerous to come out third.

They pulled it off, Alex.

They really pulled it off.

They turned it around.

Brian, I have to imagine that being a founder-led tech company is the big advantage that you have over traditional large corporations.

I mean, being able to say, we're going this way versus that way.

But for all my friends who are public company CEOs, it's not fun.

How do you think about remembering when you were a couple of months before your IPO?