Keep pulling the thread on Mark Cuban.
SpaceX, OpenAI, and Anthropic are predicted to go public in the current year with a combined valuation of approximately $4 trillion.
The combined valuation of SpaceX, OpenAI, and Anthropic upon going public is expected to represent 6% of the total global public equity markets.
SpaceX is expected to go public at a $2 trillion valuation, which represents a price-to-sales multiple of over 100x.
Scott Galloway predicts there will not be a market crash this time, but rather a "vicious recorrection or price recalibration" for AI-related assets.
SpaceX's financial losses increased by 700% in the most recent quarter.
SpaceX is on track to lose $20 billion this year.
OpenAI is expected to burn $25 billion in cash this year.
According to a report by Ronan Farrow, a board member of OpenAI described CEO Sam Altman as being "unconstrained by the truth."
Anthropic is reportedly on track to achieve operating profitability in the current quarter.
The NASDAQ has changed its rules to allow mega-cap companies like SpaceX, OpenAI, and Anthropic to join its indices just 15 days after their IPO, down from the previous 12-month waiting period.
SpaceX's core launch and satellite business generates approximately $16 billion in annual revenue and $8 billion in operating profits, with a 30% annual growth rate.
SpaceX controls 90% of the global rocket launch capacity and two-thirds of all low Earth orbit satellites.