2026 May Be the Year of the Mega I.P.O.
If SpaceX, OpenAI and Anthropic go public, they will unleash gushers of cash for Silicon Valley and Wall Street.
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If SpaceX, OpenAI and Anthropic go public, they will unleash gushers of cash for Silicon Valley and Wall Street.
The artificial intelligence start-up, which competes with OpenAI, is aiming to raise around $10 billion amid talk of a potential initial public offering.
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The funding is part of an A.I. frenzy, as investors aggressively plow enormous sums into fast-growing start-ups at sky-high valuations.
Just like past tech booms, the latest frenzy has produced a group of billionaires — at least on paper — from smaller start-ups.
The Swedish company is now valued at $6.6 billion, more than triple its $1.8 billion valuation set by investors in July.
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