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SpaceX, Anthropic, OpenAI can rewrite history for megacap IPOs

Anthropic Co-founder and CEO Dario Amodei speaks at the “How AI Will Transform Business in the Next 18 Months” panel in September in San Francisco. Chance Yeh — Getty Images for HubSpot/TNS

The history of megacap initial public offerings shows that the stocks usually slump in the first year of trading. But upcoming listings from SpaceX, Anthropic and OpenAI are big enough and systemically important enough to the market that those analogies may not apply.

Anthropic Co-founder and CEO Dario Amodei speaks at the “How AI Will Transform Business in the Next 18 Months” panel in September in San Francisco. Chance Yeh — Getty Images for HubSpot/TNS

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