As AI companies race to go public, who else is along for the ride?
SpaceX went public this week in the largest IPO ever, making CEO Elon Musk the world’s first trillionaire.
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. So on the latest episode of TechCrunch’s Equity podcast, Kirsten Korosec, Sean O’Kane, and I discussed what’s looking like a hot IPO summer.
“We have SpaceX not only sucking up just a huge chunk of the money that’s available on public markets, but also really stress testing the limits of what a public company can be and how much it can be controlled by one single person,” Sean said. “My eye is really on these other tech companies that will go public and how much they will try to emulate.”
Kirsten also noted that there are other startups trying to...
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