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May 11, 2026

Sam Altman Expands World Project

Sam Altman Expands World Project, Targets Tinder For User Verification

Mark Matlock / May 11, 2026

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As AI Companies Race To Go Public Who Else Is Along For The Ride?

As AI Companies Race To Go Public Who Else Is Along For The Ride?

Elon Musk, the CEO of SpaceX, became the first trillionaire in history this week when the company went public in the biggest IPO ever. SpaceX has been highlighting the promise of its expensive AI business despite its moniker, and rivals OpenAI and Anthropic may soon make their own public market debuts.Kirsten Korosec, Sean O'Kane, and I talked about what appears to be a hot IPO summer on the most recent episode of TechCrunch's Equity podcast. SpaceX is not only stealing a significant portion of the money available on public markets, but it is also really pushing the boundaries of what a public corporation can be and how much control it can have by one individual," Sean stated.I am keeping a close eye on how much these other tech businesses will try to imitate when they go public. Additionally, Kirsten pointed out that other firms are attempting to "ride that SpaceX IPO wave" by, for instance, collecting funds for orbiting data centers following SpaceX's role in popularizing the idea. So, there is a marketwide ripple effect that I believe is maybe far more interesting than just the headline 'SpaceX makes Elon a trillionaire,'" she remarked. A summary of our discussion, edited for clarity and length, may be found by continuing to read. Anthony Ha: Beyond the Elon Musk aspect of it all, the SpaceX IPO is the start of what might be a [series] of various IPOs for various AI companies, so I want to take a closer look at it. We have discussed Anthropic's confidential filing to become public, and now OpenAI has followed suit. How enthusiastic are you both about this? Kirsten Korosec: Let me begin by expressing my admiration for Julie Bort's story, which, in my opinion, encapsulates it quite well. "It is not FAANG anymore, it is MANGOS" is a catchy headline, therefore I will read it here. FAANG stands for Facebook, which is now Meta; Amazon; Apple; Netflix; Google, which is now Alphabet. Now that it is changed, we have Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX. Of course, there are still big tech corporations, but this is a change, is not it? To start, we have a number of AI laboratories there, which is somewhat different. Netflix, a massive streaming service, is dismissed. Therefore, I find it interesting that the enormous amount of money and capital accessible in public markets is moving away from consumer [and] social networks and into, specifically, AI labs and other, more cutting-edge deep tech, like SpaceX. Aside from the fact that this summer will likely be the busiest for reporters in a long time, I believe it is the most intriguing aspect. Sean O'Kane: You know, I used to want to be a lawyer, but I did not because I detested the paperwork that would be required. This summer, I am excited to read hundreds more pages of SEC filings talk about a beach read. We had been looking forward to this moment for a long time.Over the past few years, there has been a lot of worry about private markets and ridicule about people reaching their Series [whatever] fundraising round. We have been wondering if the IPO market will quote-unquote "open back up."

by Mark Matlock

Apple Vision Pro 2 Review: Is Mixed Reality Finally Ready For Everyone?

Apple Vision Pro 2 Review: Is Mixed Reality Finally Ready For Everyone?

Apple's second crack at spatial computing is here, and the stakes feel higher than ever. The Apple Vision Pro 2

Why Trust Is The Biggest Issue In The Elon Musk vs. OpenAI Trial

Why Trust Is The Biggest Issue In The Elon Musk vs. OpenAI Trial

This week, the attorneys for Elon Musk vs OpenAI presented their final arguments. Now, it is up to the jury

by Mark Matlock

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