Comment by Aboutplants
1 day ago
The summer of Trillion dollar IPO’s is upon us. OpenAI, Anthropic, SpaceX
Will they eat each others potential capital appetite? Or is there just that much laying around for them all to gobble up the bag?
1 day ago
The summer of Trillion dollar IPO’s is upon us. OpenAI, Anthropic, SpaceX
Will they eat each others potential capital appetite? Or is there just that much laying around for them all to gobble up the bag?
It depends at least partially on how much they're going to float. I think SpaceX is only planning about a 4% float, so even at $1.5T they only need around $60B. Which is a drop in the bucket.
EDIT - but that's just the IPO, I wasn't even thinking about how much insiders will want to sell after the lockup ends...
Is 100+ FPE the new normal?
The valuation just needs to be high enough to get into an index, then the 401K plans start buying the shares automatically.
Must be retail investors believing: big number == good.
I think one of them is not like the other.
I would invest in OpenAI or Anthropic or both but I doubt I'd invest in SpaceX.
Isn't SpaceX the only one of those that actually makes money?
Personally, I don't worry about profitability in the short term. If Anthropic is adding $15b ARR every single month, and their gross margins are 50%+ (per Dario), profits are inevitable.
The thing I'm most worried about with SpaceX is bundling X.com, xAI with it. I don't want to invest in X.com nor xAI.
Lastly, I don't my money tied to the Elon rollercoaster.
4 replies →
SpaceX is a money furnace. Read the S-1 that came out yesterday.
seems unlikely as it owns twitter and grok, both being giant money sinks