Sam Altman Called Any OpenAI IPO Valuation Below $1 Trillion a "Nonstarter." Should Investors Prefer OpenAI or SpaceX?
Yahoo Finance ·
Sam Altman, the CEO of OpenAI , reportedly refuses to take the AI company public at any valuation below $1 trillion. There are already ways to invest indirectly in OpenAI , the company behind ChatGPT. But an IPO would finally give investors a chance to participate directly. Why is Altman so adamant about bringing the company public with at least a $1 trillion valuation? He likely saw the success of Space Exploration Technologies ' ( SPCX +2.83% ) IPO, which saw such heavy public demand that the company's market cap quickly soared to over $2 trillion. While many people still think of SpaceX as a rocket stock , more than 90% of the company's claimed total addressable market deals with a single opportunity: AI. So comparing OpenAI to SpaceX is more appropriate than many realize.
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