Sam Altman Called Any OpenAI IPO Valuation Below $1 Trillion a "Nonstarter." Should Investors Prefer OpenAI or SpaceX?
OpenAI filed for an IPO this June.
Overview
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' (NASDAQ: SPCX) IPO, which saw such heavy public demand that the company's market cap quickly soared to over $2 trillion.
Details
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.
Source
Originally published at www.fool.com.