SpaceX, Anthropic and OpenAI are all preparing initial public offerings, competing for investor cash that could determine who ends up the winner of the artificial intelligence era.The three companies “could make 2026 the biggest year for U.S. IPOs,” said the Financial Times. The competition has been “sharpened” by familiarity: SpaceX chief Elon Musk departed OpenAI in 2018 (and recently lost a lawsuit against the ChatGPT parent) followed by Anthropic CEO Dario Amodei in 2020. Now the AI rivals are positioning themselves to “command the deepest pool of capital.” All are hoping to “ride a wave of AI enthusiasm” among investors, but stock markets may be less enamored of the AI sector’s “vast cash burn” than private backers have been.
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