[Post 1450] CNA Explains: SpaceX, OpenAI, Anthropic IPOs – How does the money flow?

Summary

A huge change is coming to the world’s booming artificial intelligence sector. Starting with Elon Musk’s SpaceX, with OpenAI and Anthropic preparing to follow, all three private companies are set to sell shares of their stock to the general public for the first time. Together, these three companies are valued at almost US$4 trillion and are expected to raise a record-breaking US$200 billion. Experts warn of a possible market indigestion or volatility from the burst of offerings. But what actually happens once the stocks start trading? CNA's Roland Lim explains.