OpenAI, Anthropic, and SpaceX join IPO queue as AI giants race to raise capital

SpaceX is expected to raise $75 billion in its IPO, with bankers receiving orders for twice as many shares as the company intends to sell. Fidelity is allowing retail customers with as little as $2,000 in brokerage accounts to buy into the offering.

Databricks, valued at $134 billion, has considered an IPO but its CEO told Bloomberg 'This is a terrible year to go public,' citing concerns that large capital raises will crowd out smaller companies. Bending Spoons, which has acquired fading internet brands like AOL and Eventbrite, is targeting a $20 billion valuation.

Lead Edge Capital's managing partner raised concerns about the capital draw: 'an incredible company, but one has to wonder where that $75 billion is going to come from,' pointing to potential strain on other market investments.