Mega AI IPOs incoming, Google’s agentic blitz and Nvidia’s next big business

THIS WEEK IN ENTERPRISE by

Now we know for sure: This will be the year of monster initial public offerings.

Elon Musk’s SpaceX filed for an IPO this week, aiming to raise a record $80 billion or more, and OpenAI was expected to follow hot on its heels. Of course investors will eat them up, as they seem to do with everything that’s touched by artificial intelligence, but then they’ll want to see continued hypergrowth and, eventually, profits. Those remain far from certain.

Or do they? Anthropic this week said it turned a surprise profit last quarter, ahead of a not-yet-announced but certainly expected IPO of its own later this year. What self-respecting hypergrowth company does that??