OpenAI, Anthropic and SpaceX Ready 3 Historic IPOs as AI Burns Billions a Month
Updated
Updated · The New York Times · May 28
OpenAI, Anthropic and SpaceX Ready 3 Historic IPOs as AI Burns Billions a Month
10 articles · Updated · The New York Times · May 28
OpenAI, Anthropic and SpaceX — through its xAI ties — are expected to go public within the next few months in what could rank among the biggest IPO debuts ever.
Billions of dollars in monthly cash burn are driving the listings, as AI expansion demands costly chips, data centers, energy and top engineering talent that current revenue cannot fully cover.
Those fundraising plans are arriving amid a widening backlash to AI: Eric Schmidt was booed at a commencement speech, Sam Altman’s home has been attacked multiple times, and Pope Leo warned Silicon Valley to put humanity first.
The coming offerings could mint huge fortunes even as public anxiety grows that AI may accelerate mass unemployment, setting up a sharp test of investor appetite against social resistance.
Is SpaceX's pivot to selling AI compute a genius move or an admission of defeat in the model race?
As AI threatens millions of jobs, why are governments easing regulations on the tech giants behind it?