S&P 500 IPO Challenges for AI Firms
6/5/202613 min
In this episode, we examine the S&P 500's refusal to allow SpaceX's fast-track entry, which also impacts OpenAI and Anthropic’s IPO prospects. We also discuss Google's $920 million monthly deal with SpaceX for AI compute power and escalating enterprise spending on AI token budgets.
Chapters
00:00 Introduction
00:16 S&P 500 Denies SpaceX Fast-Track
00:27 Google's Compute Deal with SpaceX
00:33 Enterprises Exceed AI Budgets
00:53 Brian Chesky's AI Lab
01:46 Investors in Competing AI Firms
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Transcript preview
First 90 secondsJaden Schaefer· Host0:00
Welcome to the podcast. Kicking this off, the S&P 500 is refusing to change the rules for SpaceX to join the S&P 500. This is also going to block OpenAI and Anthropic when they do their inevitable IPOs here coming up quickly from joining on a fast track. We also have news that Google is going to be paying SpaceX nine hundred and twenty million dollars a month to rent ex-AI compute capacity. This is on top of what Anthropic is already doing. Enterprises are blowing past their twenty twenty-six AI token budgets by three X, and a lot of them are trying to figure out how to put controls on this. The CEO of Airbnb, Brian Chesky, is starting his own AI lab. He was kind of was formerly advising Sam Altman, and I think he's gonna keep doing that, but now he's gonna be spinning up a lab which could be, you know, directly competing. And speaking of competitors, about ninety investors currently hold stakes in both OpenAI and Anthropic. I wanna break down some of the numbers about why this is and why it is pretty uncommon for this type of thing to happen in Silicon Valley. I wanted to mention, if you wanna get all of these news stories in an email to your inbox every single day, go subscribe to the AI Chat newsletter. It's on aichatch daily.com, my own site. You can click the subscribe tab in the top corner, and you can subscribe to this newsletter. It's free. It goes out daily, and I vet every story, what's going on. I reorganize it and try to give you basically all the extra details that sometimes aren't covered in the podcast. You get a deep dive, or sometimes if you don't have time to listen to the podcast, I'll leave a link in the description to aichatchdaily.com. I'm