Matt Levine’s Money Stuff: OpenAI Is Almost Public

Private markets are the new public markets

Today Bloomberg’s Bailey Lipschultz and Edward Ludlow report that SpaceX filed for the largest initial public offering ever:

SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk’s rocket, satellite and AI company closer to delivering the biggest-ever listing. …

The filing puts it on track for a June listing, which would make SpaceX the first of what could be a trio of mega-IPOs, ahead of OpenAI and Anthropic PBC. ...

A listing for SpaceX would raise as much as $75 billion, Bloomberg News has ...