World's Largest IPO Lets You Own A Rocket, A Satellite Network, And One Very Expensive Chatbot — Aninews ep 18

On Friday, SpaceX completed the largest initial public offering in history. At a hundred thirty-five dollars a share, the company was valued at about one point seven seven trillion dollars. By some measures, that made it more than three times the size of the largest American listing before it. For their money, investors received a rocket company, a satellite-internet network, and an artificial intelligence lab. The satellite-internet network, Starlink, was the only one of the three that actually turned a profit. Reports put Starlink's operating profit near four point four billion dollars last year. The artificial intelligence lab reportedly lost six point four billion dollars on three point two billion in revenue. It had joined through an all-stock merger earlier this year, bringing its chatbot and its costs aboard. Filings indicate the combined company spent roughly fourteen billion dollars in cash over the year. The prospectus also notes plans to scale the chatbot to multiple trillions of parameters. On its first day of trading, the stock climbed from a hundred thirty-five dollars to about a hundred sixty-one. Investors are now free to own all three businesses, and to fund whichever one is currently on fire.