BREAKINGVIEWS-Market IPO launchpad can accomodate 5 SpaceXes

SpaceX

SpaceX

SPCX

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Stephen Gandel

NEW YORK, June 17 (Reuters Breakingviews) - The successful blast off of Elon Musk’s company has started the countdown for Anthropic and OpenAI going public. The trio of deals would shatter the past IPO peak of $119 bln. There’s still room for more, as the market’s total value is much larger now than in prior eras.

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CONTEXT NEWS

Shares of SpaceX rose in their first two days of trading following the completion of its $75 billion initial public offering on July 11. The closing price on June 16 was over 40% higher than their initial price of $135 per share.

AI-leaders Anthropic and OpenAI have both filed IPO documents confidentially with the SEC, according to Reuters. But neither company has set an official timeline for the deals.


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