OpenAI

MARK TO MARKET

Silent kingmakers: Market index providers are driving public investors into SpaceX and Big AI

This may sustain demand for AI hardware powering the best performing Asian markets, and perhaps lift some of the worst laggards too

News that SpaceX would bar Chinese investors from its IPO was reported earlier by Bloomberg.

China investors being shut out as some American AI firms, including SpaceX, go public: sources

Washington has been focused on keeping artificial intelligence out of China’s reach

Visa’s payment services will be integrated into OpenAI’s platform so online retailers can accept agent-driven transactions.

OpenAI, Visa team up to let AI agents make purchases online

ChatGPT is the best-known artificial intelligence platform among consumers

SpaceX will list at US$135 per share. Morningstar has valued the stock at US$63, a 53% discount to the IPO price.
THINKING ALOUD

SpaceX and other giga-listings could raise indices’ risks

Retail investors would do well to note that an IPO is mainly an exit avenue for insiders, who will profit handsomely

OpenAI CEO Sam Altman was part of talks between senior US officials and major AI firms about the American government possibly buying shares in the businesses.

With Trump mulling stakes in big AI firms, will the tech become a public utility?

Questions remain about the ways a government shareholder may exert its influence in the sector

OpenAI faces a number of challenges, including heightened competition from Anthropic and Alphabet’s Google. 

OpenAI files for US IPO after rival Anthropic as AI giants head to public markets

It is targeting a valuation of up to US$1 trillion in a stock market debut that could come as early as September, reported Reuters previously

To drive uptake, OpenAI is redesigning ChatGPT’s interface with new prompts and features steering users toward coding tools, image generation and partner services.

OpenAI plans ChatGPT ‘superapp’ overhaul ahead of listing, reports FT

Overhaul will give greater prominence and resources to OpenAI’s coding product Codex and is set to roll out in the coming weeks

SpaceX plans to release its locked-up shares in a series of tranches.

Can the stock market swallow SpaceX, Anthropic and OpenAI?

As it attempts to absorb billion-dollar giga-IPOs, investors should watch out for indigestion

Anthropic’s valuation has more than doubled from US$380 billion in February, when it raised US$30 billion in a funding round.

Anthropic moves towards IPO, stepping up race with OpenAI

The IPO market has regained momentum in recent weeks, with companies raising US$87.5 billion to May 26

Anthropic’s new Claude Opus 4.8 outperforms all other publicly available AI technologies on vibe coding.

Anthropic tops OpenAI to become the world’s most valuable AI startup

The San Francisco company has also unveiled a new flagship AI model, Claude Opus 4