SpaceX, OpenAI and Anthropic on giga launch pads: why this IPO season is a test of investor intelligence
· livemint.com
SpaceX, OpenAI and Anthropic are set for public offerings at eye-popping valuations. The AI boom they’re riding is a reminder of past booms and busts—from railways to dotcoms. But this is a different story. And a bigger challenge for rational investors.
Many analysts have billed SpaceX as grossly overvalued. Its merger with xAI, also owned by Elon Musk, has complicated its appeal as a business. Its space arm, f...