4 Lessons for Future OpenAI and Anthropic Investors, Following SpaceX's Historic IPO
OpenAI and Anthropic could burn overeager investors in the same way SpaceX did.
Overview
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public on June 12 at a valuation of $1.77 trillion, making it the largest IPO in history. It went public at $135 per share, started trading at $150, and hit a record high of $225.64 on June 16.
But as of this writing, SpaceX's stock trades at about $160. Many investors who hopped on the bandwagon in its first four days are now underwater. That volatile market debut should teach investors four valuable lessons about hot IPOs like SpaceX -- and how they should approach OpenAI and Anthropic, two of the market's most eagerly anticipated AI IPOs, in the future.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.