Sean Rameswaram

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Liz Lopato writes about big tech and big bros at The Verge.

We asked her why these three companies are all going public kind of at the exact same time.

Well, I think there's sort of this race that's been going on that people have been talking about in the finance world between SpaceX, OpenAI, and Anthropic.

And

Part of that is there's this kind of fear that if you don't go public at the right time or you don't go public first, investors aren't going to wait for you.

And so whoever goes public first is going to scoop up better investors or have an easier time convincing investors.

Right.

And so that sort of like is fueling this kind of rush towards the market.

So that's thing one.

But thing two is that AI is extremely expensive.

And I think that's something that people often like forget about because right now we're sort of in like the early days of Uber thing where like you're using this very expensive tool for free and then they're going to try to get you hooked on it so that you'll pay like real prices later on.

So in order to get the money that you need for compute, to build all of these data centers, to do all of the things that you need to do in order to have these frontier models, that's just like it's an incredibly capital intensive business.

And so, you know, one way to get capital is to go public.

If SpaceX plans to go public, then it could be the biggest IPO of all time.