Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits
The report highlights that the IPOs of SpaceX, Anthropic, and potentially OpenAI could generate value exceeding all U.S. VC exits since 2000, with SpaceX already at $1.77 trillion and the trio potentially reaching over $4 trillion. It notes that these figures exclude non-U.S. companies and differ from traditional liquidity measures, while acknowledging that major tech innovations occurred before public offerings. The report attributes high valuations to AI's capital-intensive nature and the scale of IPOs, emphasizing their role in reshaping the financial landscape of the AI sector.
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