Too much on the table? Maybe, even for giants.SpaceX IPO has absorbed such a significant amount of liquidity that it has pushed OpenAI, the manufacturing company of ChatGPT, to evaluate whether it is not the case to postpone his debut public to the next year or reduce his demands, according to rumors reported yesterday by New York TimesThe artificial intelligence startup, which has confidentially filed for a US IPO, is aiming for a valuation of up to 1 trillion dollars, as reported by Reuters.
Consultants organizing OpenAI's IPO have suggested to company executives that they can either wait until 2027 to go public at a valuation of $1.000 trillion, or reduce the rating if they prefer get listed first. The company led by Sam altman recently filed paperwork for an IPO with the U.S. Securities and Exchange Commission (SEC). The listing was initially planned for this fall: the Wall Street Journal had reported that the company was aiming to debut as early as September.
If a giant like OpenAI falters, the companies in its orbit collapse.
OpenAi's hesitation regarding its listing is not without its share price shockwaves for other companies in the sector. Softbank Group, OpenAI's major Japanese investor, saw a 13% drop this morning, its biggest drop since August 2024, as the postponement of the IPO in ChatGPT maker would also delay its returns. SoftBank's investment is expected to reach approximately $65 billion by October. Expectations of a significant gain from OpenAI's stock market launch had pushed SoftBank shares to record highs, helping the company's market capitalization rise above that of Toyota Motor last month.
Also in Japan, the shares of the chipmaker kioxia Kioxia, formerly called Toshiba Memory and spun off from Toshiba in 2018, is a major memory chip maker. Its shares soared thanks to investments in artificial intelligence that boosted the chip industry, making it the most valuable company on the Nikkei 225, but today they were hit by sell-offs. Kioxia had just announced it was considering a stock split and targeting quotation of American Depositary Shares (ADSs) on the US stock exchange at the beginning of the next fiscal year, which ends in March 2028.
But it is not the only one wanting to expand its investor base in the United States: the chipmaker SK Hynix announced this week that it plans to raise up to $29,4 billion through a U.S. listing, but this morning it lost more than 8%, leaving Seoul's entire Kospi index at -5,8% after drops of more than 8%.
Did SpaceX take the best part?
SpaceX's performance on the stock market in mid-June showed two sides of the coin: on the one hand, the great success, on the other, the fact that, having arrived first, it has perhaps stole the show from the others. After the record debut on the Nasdaq, in what is defined as the largest IPO in history, Elon Musk's company then saw fluctuating prices. The IPO raised over $85 billion, bringing the company's valuation to $2.770 trillion and Musk's personal net worth to approximately $1.400 trillion. Since then, however, the stock has undergone a sharp decline. resizing: after surpassing $225 last week, (compared to its IPO price of $135) closed yesterday at $153, causing Musk to lose his “trillionaire” status. Furthermore, the climate of the technology sector appears to have cooled as investors question the sustainability of evaluations achieved by companies. Which seems to leave less space for others: also Anthorpic is planning its debut in the fall. The company founded by Dario and Daniela Amodei has already confidential application submitted for listing on the Securities Exchange Commission, the U.S. securities market authority.
Meanwhile, SpaceX's future plans extend into other areas. The company is also considering launching a Starlink-branded mobile phone service for U.S. consumers and may eventually build its own terrestrial wireless network, the company reported today. Financial Times. A move that would put SpaceX in direct competition with major telecommunications carriers, including Verizon, AT&T and T-Mobile.
Additionally, according to documents filed with the county, Elon Musk's company plans to begin construction next month on a pipeline an eight-mile (13 km) pipeline called the “Starpipe” that will connect its launch facilities in Texas. The goal is to increase launches of the next-generation Starship rocket.
