Elon Musk’s rocket company SpaceX has completed a record-breaking initial public offering, securing $75 billion on Thursday in what marks the largest IPO in global history. The offering significantly surpassed the previous record held by Saudi Aramco’s 2019 public debut.
The aerospace and satellite company is scheduled to begin trading on the Nasdaq exchange Friday, with market analysts predicting this milestone could trigger a series of major technology company public offerings.
Several prominent private technology firms, including the company behind ChatGPT, OpenAI, and its competitor Anthropic, have recently made significant progress toward their own stock market debuts in recent weeks.
The artificial intelligence company OpenAI announced Monday that it had quietly submitted paperwork for a U.S. stock market listing, as investment interest in AI technology continues to surge.
“We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company,” OpenAI stated.
“But it’s a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best.”
According to previous reports, OpenAI is targeting a potential September public offering and has been preparing for a listing that could reach a valuation of up to $1 trillion.
Last month, the company led by Sam Altman successfully defended against a significant legal challenge from Elon Musk, clearing obstacles for its planned stock market entry.
Meanwhile, AI company Anthropic disclosed earlier this month that it too had quietly filed paperwork for a U.S. initial public offering, positioning itself for what industry observers expect could be a pivotal moment for Wall Street’s artificial intelligence investment surge.
Anthropic, which develops the Claude AI chatbot, most recently secured funding at a $965 billion valuation in late May after raising $65 billion, placing it ahead of OpenAI in terms of market value.
The company’s potential public debut is being viewed as one of the most significant stock market launches in recent years, with the potential to influence major market indexes, investment patterns, and the overall direction of U.S. stock markets.
