News of a possible initial public offering (IPO) this year from space company SpaceX and heavyweight AI startups OpenAI and Anthropic have been in the news for a while. However, the Wall Street Journal in a new report has said SpaceX CEO, billionaire Elon Musk, is targeting to take the company public by July to beat the other two to the market.
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Musk is said to view taking SpaceX public as a way to give his xAI startup a boost so it can narrow the gap with the rival AI firms, according to the report. Last week, the New York Times reported that SpaceX has interviewed banks to lead the offering. Now, the Journal is saying the chief executive could make the decision soon.
Startups Eye IPO as AI Race Intensifies
Earlier reports indicated that SpaceX — which was most recently valued at $800 billion — could follow a faster route for its public debut through a merger with EchoStar (SATS), the wireless phone and satellite TV services provider. EchoStar in November upped its stake in SpaceX to about 3% after it sold new spectrum licenses worth about $2.6 bilion to the space firm.
The update comes as OpenAI, which is
While OpenAI is reportedly seeking up to $100 billion in new funding to lift its valuation to about $750 billion, Anthropic is pursuing roughly $10 billion to reach a market value near $350 billion.
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