As AI companies race to go public, who else is along for the ride?

Summary

Despite its name, SpaceX has been emphasizing the potential of its costly AI business, and competitors OpenAI and Anthropic may soon follow with their own public market debuts. “We have SpaceX not only sucking up a huge chunk of the money that’s available on public markets, but also stress testing the limits of what a public company can be and how much it can be controlled by one single person,” Sean said. Kirsten also noted that there are other startups trying to “ride that SpaceX IPO wave,” for example by raising money for orbital data centers after SpaceX helped to popularize the concept. “So there’s a ripple effect that’s happening throughout the market that I think is probably even more interesting than the headline, ‘SpaceX makes Elon a trillionaire,’” she said.