qwant news | Who will win the AI IPO race between SpaceX, Anthropic and OpenAI?
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SpaceX, Anthropic and OpenAI are all gearing up for initial public offerings that could make 2026 the biggest year for U.S. IPOs, as investors race to fund the next wave of artificial‑intelligence growth. The three firms – linked by former executives (Elon Musk left OpenAI in 2018 and Anthropic’s CEO Dario Amodei departed in 2020) – are counting on a “wave of AI enthusiasm” to attract capital, even as the sector’s massive cash burn and questions about the reliability of generative‑AI tools temper market optimism. Analysts note that the companies must sustain their rapid growth and prove profitability, with OpenAI targeting $280 billion in revenue by 2030, while competitors from China and a host of Western challengers such as Nvidia, Cohere, Reflection and Mistral are developing cheaper, more efficient alternatives that could undercut the lofty valuations of the IPOs. The outcome will hinge on whether investors are willing to subsidize the high‑cost infrastructure needed for AI and how quickly the technology can be integrated into corporate workflows without exposing firms to new risks.
Read more: https://theweek.com/business/wall-street/ai-ipo-race-spacex-anthropic-openai
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