What Happened
Smooth Stock Launch Sets Precedent For AI Companies
SpaceX and lead IPO banker Goldman Sachs started meeting with prospective investors in January, setting a precedent for a smooth IPO process. This approach may be replicated for Anthropic and OpenAI, both of which plan to go public later this year. The SpaceX IPO was notable for its early valuation feedback and constant dialogue with investors, resulting in a successful stock launch on Friday. The process was first reported by Axios.