SpaceX, OpenAI and Anthropic Race to Go Public

Source Domain: www.nytimes.com

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Upcoming IPOs: Both SpaceX and OpenAI are planning to go public soon, making it a race among AI companies looking to capture investors’ interest. SpaceX’s IPO is set to be the largest in history, but it’s followed closely by potential IPOs from OpenAI and Anthropic.
SpaceX’s Financials: The company generated $18.7 billion in revenue last year and $4.7 billion in Q1 2026, but it reported significant losses of $4.9 billion for the last year and $4.3 billion for Q1 2026. This loss is partially attributed to its acquisition of xAI.
OpenAI’s Ambitious Plans: Generating over $13 billion in revenue last year, OpenAI plans to go public by September, despite internal disagreements about the feasibility of this timeline. It projects spending $115 billion over the next four years.
Anthropic’s Revenue and Spending: Anthropic reported $4.8 billion in revenue for Q1 and expects a $559 million operating profit in its current quarter. However, it spends significantly on computing power, including an arrangement to rent computing resources from SpaceX.
Barney Frank’s Legacy: The former congressman Barney Frank passed away at 86, leaving behind a significant legacy including the Dodd-Frank Wall Street Reform and Consumer Protection Act, which has had a profound impact on banking regulation.
Bezos’ Interview Highlights: Jeff Bezos proposed eliminating taxes for the bottom 50 percent of earners and discussed his views on the two economies in the U.S. He also shed light on his non-Amazon ventures including Blue Origin and Project Prometheus.
Legal and Financial News: A JPMorgan Chase executive made counterclaims in a sexual harassment case, and Fed officials are considering raising interest rates due to concerns about wartime inflation.
Quantum Computing Initiatives: The Trump administration is set to announce grants for quantum computing companies, involving the government taking stakes in these firms.