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The AI IPO wave is about to test Wall Street’s appetite

Fast Company Tech Chris Morris June 9, 2026
The AI IPO wave is about to test Wall Street’s appetite
AI Summary— plain English for professionals

# AI's Biggest Companies Are Going Public—and Wall Street Needs to Decide if It's Worth the Bet OpenAI, Anthropic, and SpaceX are all planning to go public soon, with each asking for tens of billions of dollars—potentially breaking all previous IPO records. These companies are growing incredibly fast and have huge potential, but they're also losing money right now, so investors will have to bet that their future success is worth the risk. This wave of mega-IPOs could either transform the economy or signal that investors are getting swept up in AI hype without thinking carefully about whether these companies can actually deliver profits.

The AI IPO rush is here. With OpenAI’s announcement late Monday that it had confidentially filed for an IPO, the three biggest AI companies are all in line to go public. (And a fourth, Perplexity, will likely bring up the rear in 2028.) It’s something that has been looming for a long while on

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