Anthropic, OpenAI and SpaceX take early steps toward potential mega IPOs

Anthropic, OpenAI and SpaceX are preparing to list shares on public markets, a move that could produce some of the largest initial public offerings in history. Anthropic and OpenAI "have taken early steps to go public, people familiar with the companies said," while SpaceX "has interviewed banks to lead an I.P.O., according to two people with knowledge of the situation." The potential scale is enormous: the companies have been valued in private markets at hundreds of billions of dollars — Anthropic in funding talks at $350 billion, OpenAI at $500 billion and SpaceX most recently at $800 billion — and advisers say the listings could create a bonanza for Wall Street and Silicon Valley.

OpenAI has raised more than $60 billion in funding and hit $13 billion in revenue last year, according to a person with knowledge of the company, while Anthropic has raised at least $40 billion and is in talks to collect an additional $10 billion and, its chief executive said, reached a monthly pace last year equivalent to $8 billion to $10 billion in annual revenue.

SpaceX has made the most concrete moves, telling investors it plans to use proceeds from a listing to build A.I. data centers in space, the report said. But the companies are at different stages: Anthropic and OpenAI are described as very early in the process, and any rise in market volatility or geopolitical risk could delay listings.

Key Topics

Tech, Anthropic, Openai, Spacex, Sam Altman, Silicon Valley