OpenAI said it has submitted a confidential S-1 filing, giving the ChatGPT maker the option to pursue an IPO. The move follows similar filings by Anthropic and SpaceX as major AI companies seek more capital for computing power and model development.
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SpaceX is seeking to raise $75 billion in a record IPO that would value the company at roughly $1.75 trillion. The company proposed a $135 share price ahead of an expected Nasdaq debut next week, though the final price remains uncertain.
SpaceX files for an IPO without specifying fundraising goals, revealing financials and plans across space, satellite internet, and AI sectors.
Elon Musk testifies in court accusing OpenAI of breaking its nonprofit promise by prioritizing profit. The trial could impact OpenAI’s future and Musk’s own AI ventures.