SpaceX's blockbuster stock market debut is already reshaping how investors and insiders think about the next wave of mega-IPOs — specifically those of the two companies at the center of the AI boom: OpenAI and Anthropic.
According to Axios' Dan Primack, as reported by CNBC, SpaceX effectively handed OpenAI and Anthropic its IPO playbook. The implication is that both AI giants are studying how Elon Musk's rocket company navigated the public markets, and may follow a similar path.
OpenAI has taken a concrete first step. The company confirmed it has made a confidential submission of a draft S-1 to the Securities and Exchange Commission, though it says it has not yet determined timing for further action. A confidential S-1 is a standard early move that lets companies test investor appetite without the full glare of a public filing.
CNBC's Jim Cramer called SpaceX's debut a "blockbuster" and said its successful showing could pave the way for more AI-related public offerings while creating a more constructive backdrop for stocks broadly. He added that investors who missed the initial pop could still consider buying SpaceX shares — but only if they treat it as a long-term bet on space exploration.
Multiple outlets — including the Wall Street Journal, Yahoo Finance, and the San Francisco Examiner — are framing SpaceX's listing as historic and a genuine door-opener for OpenAI and Anthropic's own eventual "mega-listings." Bloomberg offered a more cautious note, suggesting the SpaceX-Anthropic-OpenAI cocktail could come with a hangover.
Why it matters: if the world's leading AI companies follow SpaceX's lead to the public markets, everyday investors will for the first time be able to buy a direct stake in the technology reshaping the global economy.