SpaceX, OpenAI, and Anthropic prepare trillion-dollar IPOs this summer
By
Kai Ryssdal, Sofia Terenzio
A bagel you'd recommend to a friend without hedging.
Summary
The article discusses three major upcoming IPOs: SpaceX (valued at $1.77 trillion, the largest on record), OpenAI, and Anthropic. All three companies are valued around the trillion-dollar mark and are expected to debut in summer 2025. The piece questions whether the market can absorb such massive equity offerings in a short timeframe, with a finance professor comparing the situation to movie blockbusters.
Key quotes
· 2 pulledIt's kind of like movie blockbusters.
SpaceX is expected to be the largest IPO on record, targeting a valuation of $1.77 trillion.
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