AI companies are barreling toward huge Wall Street debuts. A look at the biggest players
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- SpaceX plans an IPO that could raise up to $75 billion, potentially creating the largest‑ever stock market debut.
- SpaceX posted $2.6 billion in operating losses last year on $18.7 billion of revenue.
- xAI lost $6.4 billion in operations last year.
- Anthropic filed a confidential IPO registration with the SEC on June 1, after being valued at $965 billion.
- Michael Field said AI firms are burning cash to win the AI race and that public equity is the cheapest source of capital in a rising‑interest‑rate environment.
Why it matters: Investors gain access to unprecedented AI‑focused capital, while companies like SpaceX and Anthropic must justify huge cash burns; the record‑size IPOs may reshape capital allocation and intensify scrutiny of AI valuations.
