economy
SpaceX, OpenAI valuations could mean they leapfrog Berkshire Hathaway on first day of trading
Traders on prediction market Polymarket think SpaceX, OpenAI and Anthropic on their first day of trading will surpass valuations of at least $1.4 trillion.
TL;DR
- SpaceX has officially filed for an IPO on the Nasdaq.
- OpenAI is expected to file confidentially for an IPO as soon as Friday.
- Traders anticipate SpaceX, OpenAI, and Anthropic to debut with valuations exceeding $1 trillion.
- These debut valuations could surpass Berkshire Hathaway's current market cap of $1.03 trillion.
- SpaceX and OpenAI have significantly lower revenues compared to Berkshire Hathaway.
- SpaceX and OpenAI are currently unprofitable companies.
- The U.S. stock market is estimated to be worth $70 trillion, capable of absorbing these IPOs.
- Concerns exist about market capacity to sustain high valuations with multiple large IPOs.