SpaceX Shares Start Trading as OpenAI Files IPO in AI Capital Boom
Updated
Updated · Financial Times · Jun 11
SpaceX Shares Start Trading as OpenAI Files IPO in AI Capital Boom
3 articles · Updated · Financial Times · Jun 11
Summary
Friday marks the opening of AI’s public-market push, with SpaceX shares set to begin trading and OpenAI joining Anthropic in filing for an IPO.
Goldman Sachs estimates AI data-centre spending will hit $765 billion this year, only about a tenth of what the industry will need by 2031 as demand for computing capacity surges.
That financing wave is spreading beyond startups: Alphabet this month sought $85 billion in its first equity sale since its 2004 listing, despite holding roughly $50 billion in net cash.
The coming filings should expose sharp differences in business quality, with Anthropic nearing its first operating profit while PitchBook puts OpenAI’s gross margin at about 33%.
Wall Street enthusiasm may initially blur those gaps, but the IPOs are set to test whether investors keep pricing discipline as AI companies seek historic amounts of capital.