OpenAI, Anthropic, and SpaceX File for IPOs With Broad Retail Investor Access
OpenAI, Anthropic, and SpaceX have each filed paperwork for initial public offerings, with SpaceX planning to allocate up to 30% of shares to individual investors through major brokerages. The three companies represent some of the most highly anticipated tech IPOs, with SpaceX valued at approximately $1.77 trillion. Multiple analysts have warned that early trading in these stocks, particularly SpaceX, carries significant risk due to overvaluation concerns and volatility tied to Elon Musk's involvement.
OpenAI announced a confidential SEC filing for its IPO while noting the debut "may be a while" as the company completes certain objectives easier as a private entity. Anthropic filed similar paperwork after closing a $65 billion funding round that valued it at $965 billion, slightly exceeding OpenAI's $852 billion valuation. SpaceX disclosed plans to offer 555.6 million shares at $135 per share, raising $75 billion and potentially reaching a $1.77 trillion valuation—surpassing Saudi Aramco's 2019 record. SpaceX is allocating shares through Charles Schwab, Fidelity, Robinhood, SoFi, and E*Trade, with Fidelity lowering its minimum investment requirement from $100,000 to $2,000. However, analysts including Morningstar and "Big Short" investor Michael Burry have cautioned against early investment, citing overvaluation concerns and the unpredictable "Elon Musk effect" on stock volatility.
What's missing
The articles do not discuss potential regulatory scrutiny these companies might face during the IPO process, particularly regarding OpenAI and Anthropic's AI governance concerns. Additionally, there is limited context about how these IPOs might affect existing investors, employees with equity stakes, or the competitive dynamics within the AI and aerospace industries.
How coverage differed
Forbes presented the IPO announcements factually while prominently featuring analyst warnings about overvaluation and risk, reflecting a balanced approach. The coverage emphasized both the unprecedented retail access opportunity and the cautionary perspectives from established financial analysts, avoiding promotional language while acknowledging investor enthusiasm.
What different sources said
- ForbesCenter
Ordinary People Can Soon Invest In OpenAI, Anthropic And SpaceX IPOs: Here’s How—And Why It’s Risky
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