SpaceX, OpenAI and Anthropic are set to go public. Will it make AI companies more transparent?

SpaceX, OpenAI, and Anthropic are set to go public, marking a major shift in the artificial intelligence sector. SpaceX will lead the charge with its IPO on June 12, planning to raise $75 billion by selling 4% of its shares at $135 each. The company’s valuation, combined with OpenAI and Anthropic’s, totals nearly $4 trillion, with the trio expected to collectively raise a record $200 billion despite warnings that AI stocks may be overvalued. Elon Musk, who owns around 42% of SpaceX and holds options for additional shares, is poised to become the world’s first trillionaire after the IPO. His existing wealth stands at approximately $800 billion, and the listing will further solidify his financial dominance. SpaceX’s recent SEC filing also hints at a potential future merger with Tesla, which could become the largest in history if it materializes. The IPOs could introduce greater transparency to AI companies, addressing widespread concerns about their operations and risks. Figures like the Pope and global surveys indicate growing unease about AI’s impact on society, making public listings a potential turning point for accountability. Investors worldwide, including those in retirement and pension funds, will gain exposure to these companies either directly or through index funds. Critics argue that the high valuations may not reflect the companies’ true worth, with some estimates suggesting SpaceX could be worth less than half its targeted IPO price. Meanwhile, the SEC filings and regulatory scrutiny will force these firms to disclose more details about their operations, potentially benefiting public oversight. The move also raises questions about whether increased transparency will align with investor demands for growth or if it will slow innovation. As these companies prepare to go public, their actions will be closely watched by regulators, competitors, and the broader public concerned about AI’s future.