[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-openai-ipo-wall-street-ai-test-en":3,"article-related-openai-ipo-wall-street-ai-test-en":33,"series-industry-8b7626e4-c384-4703-b268-61e5626a4236":86},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":25,"views":29,"created_at":30,"published_at":31,"topic_cluster_id":32},"8b7626e4-c384-4703-b268-61e5626a4236","openai-ipo-wall-street-ai-test-en","OpenAI’s IPO will expose AI hype to Wall Street","\u003Cp data-speakable=\"summary\">\u003Ca href=\"\u002Ftag\u002Fopenai\">OpenAI\u003C\u002Fa>’s IPO wave will force major AI companies to prove growth, cash, and product traction.\u003C\u002Fp>\u003Cp>The next wave of AI listings will show how much of the boom survives public-market scrutiny, with OpenAI, \u003Ca href=\"\u002Ftag\u002Fanthropic\">Anthropic\u003C\u002Fa>, and SpaceX all moving toward IPOs while investors watch valuations that are already near the trillion-dollar mark.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Item\u003C\u002Fth>\u003Cth>Public move\u003C\u002Fth>\u003Cth>Key numbers\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>OpenAI\u003C\u002Ftd>\u003Ctd>Plans to go public\u003C\u002Ftd>\u003Ctd>$852B valuation; $2B monthly revenue\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Anthropic\u003C\u002Ftd>\u003Ctd>Confidential IPO filing\u003C\u002Ftd>\u003Ctd>$965B valuation; $47B run-rate revenue\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>SpaceX \u002F xAI\u003C\u002Ftd>\u003Ctd>Market debut Friday\u003C\u002Ftd>\u003Ctd>Includes Elon Musk’s AI company xAI\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>1. OpenAI\u003C\u002Fh2>\u003Cp>\u003Ca href=\"https:\u002F\u002Fopenai.com\">OpenAI\u003C\u002Fa> is the highest-profile test case because it already has the biggest consumer AI product in \u003Ca href=\"\u002Ftag\u002Fchatgpt\">ChatGPT\u003C\u002Fa> and the most attention from investors. Its public debut will force the company to explain how fast it can keep growing once quarterly reports replace private-market optimism.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781067770153-r09j.png\" alt=\"OpenAI’s IPO will expose AI hype to Wall Street\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>The company has already put big numbers in front of the market: it said in March that it raised $122 billion, valued itself at $852 billion, and was generating $2 billion in revenue every month. It also said ChatGPT became the fastest app to reach one billion users, doing it in about three years.\u003C\u002Fp>\u003Cul>\u003Cli>March raise: $122 billion\u003C\u002Fli>\u003Cli>Valuation: $852 billion\u003C\u002Fli>\u003Cli>Revenue pace: $2 billion per month\u003C\u002Fli>\u003Cli>ChatGPT user milestone: 1 billion users\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>2. Anthropic\u003C\u002Fh2>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.anthropic.com\">Anthropic\u003C\u002Fa> is taking a similar path, but with a slightly different business story. The company confidentially filed for an IPO and has been positioning itself as a major \u003Ca href=\"\u002Ftag\u002Fenterprise-ai\">enterprise AI\u003C\u002Fa> player, which means public investors will want proof that business adoption can keep rising.\u003C\u002Fp>\u003Cp>Its numbers are even larger on paper right now. Anthropic said its valuation jumped from $380 billion in February to $965 billion in May, and it reported $47 billion in run-rate revenue last month. Ramp also said more businesses used Anthropic than OpenAI for the first time in May.\u003C\u002Fp>\u003Cul>\u003Cli>Valuation in February: $380 billion\u003C\u002Fli>\u003Cli>Valuation in May: $965 billion\u003C\u002Fli>\u003Cli>Run-rate revenue: $47 billion\u003C\u002Fli>\u003Cli>Enterprise usage: ahead of OpenAI in May, per Ramp\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>3. SpaceX and xAI\u003C\u002Fh2>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.spacex.com\">SpaceX\u003C\u002Fa> is set to make its market debut on Friday, and that matters for AI because the company includes Elon Musk’s AI venture \u003Ca href=\"https:\u002F\u002Fx.ai\">xAI\u003C\u002Fa>. Even though SpaceX is not a pure AI company, the listing will give investors another public reference point for how much they are willing to pay for frontier tech tied to AI ambitions.\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781067769476-fc6c.png\" alt=\"OpenAI’s IPO will expose AI hype to Wall Street\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>The debut adds pressure to the entire sector because it arrives alongside OpenAI and Anthropic’s plans. Together, these offerings could give \u003Ca href=\"\u002Fnews\u002Fopenai-ipo-filing-wall-street-test-en\">Wall Street\u003C\u002Fa> a fresh view of how much value public markets assign to AI software, models, and the infrastructure behind them.\u003C\u002Fp>\u003Cul>\u003Cli>Market debut: Friday\u003C\u002Fli>\u003Cli>AI tie-in: includes xAI\u003C\u002Fli>\u003Cli>Investor focus: valuation and growth expectations\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>4. Wall Street’s quarterly test\u003C\u002Fh2>\u003Cp>The biggest shift is not the IPO itself. It is the discipline that comes after it. Public investors will expect every quarter to show more users, more revenue, and a clearer path to profit, even as these companies spend heavily on chips, data centers, and other infrastructure.\u003C\u002Fp>\u003Cp>That is a much harder audience than private backers. Nigel Green of deVere Group said expectations that feel manageable in private markets can become relentless under public ownership, and analysts will likely press leaders on whether the companies can keep funding their growth.\u003C\u002Fp>\u003Cul>\u003Cli>Questions will center on profitability\u003C\u002Fli>\u003Cli>Infrastructure spending will face scrutiny\u003C\u002Fli>\u003Cli>Product delays may draw public criticism\u003C\u002Fli>\u003Cli>New features must translate into paid demand\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>5. The chip-stock warning sign\u003C\u002Fh2>\u003Cp>The market has already shown how unforgiving it can be, even before these IPOs land. Broadcom reported 48% revenue growth and expected semiconductor growth of 180% year over year, yet its shares still fell more than 13% in one week. \u003Ca href=\"\u002Ftag\u002Fnvidia\">Nvidia\u003C\u002Fa> also lost $600 billion in market value in a single day in January 2025 after DeepSeek emerged.\u003C\u002Fp>\u003Cp>That backdrop tells AI executives what they are walking into. The market is not just asking whether AI is growing. It is asking whether growth is fast enough, durable enough, and profitable enough to justify prices that are already very high.\u003C\u002Fp>\u003Cul>\u003Cli>Broadcom share drop: more than 13% in a week\u003C\u002Fli>\u003Cli>Nvidia one-day loss: $600 billion\u003C\u002Fli>\u003Cli>Market message: strong growth may still not be enough\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>How to decide\u003C\u002Fh2>\u003Cp>If you want the purest AI software test, watch OpenAI and Anthropic. OpenAI is the consumer giant with the biggest brand, while Anthropic is the enterprise contender with a fast-rising valuation and revenue run rate. If you want the broader market signal, watch SpaceX’s debut too, because it will show how investors price AI exposure when it is bundled with a larger frontier-tech story.\u003C\u002Fp>\u003Cp>For readers tracking the sector, the key question is simple: can these companies keep growing fast enough once Wall Street asks for proof every three months?\u003C\u002Fp>","3 AI giants are heading public, and Wall Street will force quarterly proof of growth, cash, and product traction.","www.cnn.com","https:\u002F\u002Fwww.cnn.com\u002F2026\u002F06\u002F09\u002Ftech\u002Fopenai-ipo-anthropic-wall-street",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781067770153-r09j.png","industry","en","e95cd367-6b7c-42a0-b9d3-7c0adac6a1d1",[17,18,19,20,21,22,23,24],"OpenAI IPO","Anthropic IPO","Wall Street","AI companies","public markets","ChatGPT","xAI","SpaceX",[26,27,28],"OpenAI and Anthropic are heading toward IPOs, putting AI growth under quarterly public scrutiny.","Investors will focus on profitability, infrastructure spending, and whether growth can keep matching huge valuations.","Chip stocks and Nvidia show that even strong AI results can disappoint when expectations are extremely high.",0,"2026-06-10T05:02:22.694946+00:00","2026-06-10T05:02:22.682+00:00","e63df91b-385f-44c9-b3f6-44a1a0e4b505",{"tags":34,"relatedLang":45,"relatedPosts":49},[35,37,39,41,43],{"name":20,"slug":36},"ai-companies",{"name":21,"slug":38},"public-markets",{"name":17,"slug":40},"openai-ipo",{"name":19,"slug":42},"wall-street",{"name":18,"slug":44},"anthropic-ipo",{"id":15,"slug":46,"title":47,"language":48},"openai-ipo-wall-street-ai-test-zh","OpenAI 上市將把 AI 熱潮交給華爾街驗證","zh",[50,56,62,68,74,80],{"id":51,"slug":52,"title":53,"cover_image":54,"image_url":54,"created_at":55,"category":13},"8675d217-c331-410c-adb6-da16fab59986","gemini-apple-developer-stack-en","Gemini lands inside Apple’s developer stack","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781062384510-3z60.png","2026-06-10T03:32:35.248625+00:00",{"id":57,"slug":58,"title":59,"cover_image":60,"image_url":60,"created_at":61,"category":13},"85371bc5-985a-49bd-a01d-cd9e48907662","five-ai-coding-ides-real-workflows-en","Five AI coding IDEs that fit real workflows","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781061481755-sbfn.png","2026-06-10T03:17:29.018169+00:00",{"id":63,"slug":64,"title":65,"cover_image":66,"image_url":66,"created_at":67,"category":13},"4ae93965-4b93-40ae-a3b0-65cfafa0465e","devin-desktop-windsurf-agent-hub-en","Devin Desktop turns Windsurf into an agent hub","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781060568779-u86v.png","2026-06-10T03:02:19.170995+00:00",{"id":69,"slug":70,"title":71,"cover_image":72,"image_url":72,"created_at":73,"category":13},"af3fd811-1233-4c99-955c-ea199afd91d7","korea-nvidia-talks-ai-factory-push-en","Korea’s Nvidia talks point to an AI factory push","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781057870737-hb3x.png","2026-06-10T02:17:21.544572+00:00",{"id":75,"slug":76,"title":77,"cover_image":78,"image_url":78,"created_at":79,"category":13},"72823fc3-fb0c-41fa-ba83-83eb7cc3880b","openai-should-not-rush-its-ipo-en","OpenAI should not rush its IPO just to win the AI race","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781053364904-2rcp.png","2026-06-10T01:02:20.320813+00:00",{"id":81,"slug":82,"title":83,"cover_image":84,"image_url":84,"created_at":85,"category":13},"73c81054-d5b7-4fb9-8487-c93d603ff85b","openai-europe-privacy-policy-en","OpenAI updates its Europe privacy policy","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781052478315-n5wv.png","2026-06-10T00:47:31.644415+00:00",[87,92,97,102,107,112,117,122,127,132],{"id":88,"slug":89,"title":90,"created_at":91},"d35a1bd9-e709-412e-a2df-392df1dc572a","ai-impact-2026-developments-market-en","AI's Impact in 2026: Key Developments and Market Shifts","2026-03-25T16:20:33.205823+00:00",{"id":93,"slug":94,"title":95,"created_at":96},"5ed27921-5fd6-492e-8c59-78393bf37710","trumps-ai-legislative-framework-en","Trump's AI Legislative Framework: What's Inside?","2026-03-25T16:22:20.005325+00:00",{"id":98,"slug":99,"title":100,"created_at":101},"e454a642-f03c-4794-b185-5f651aebbaca","nvidia-gtc-2026-key-highlights-innovations-en","NVIDIA GTC 2026: Key Highlights and Innovations","2026-03-25T16:22:47.882615+00:00",{"id":103,"slug":104,"title":105,"created_at":106},"0ebb5b16-774a-4922-945d-5f2ce1df5a6d","claude-usage-diversifies-learning-curves-en","Claude Usage Diversifies, Learning Curves Emerge","2026-03-25T16:25:50.770376+00:00",{"id":108,"slug":109,"title":110,"created_at":111},"69934e86-2fc5-4280-8223-7b917a48ace8","openclaw-ai-commoditization-concerns-en","OpenClaw's Rise Raises Concerns of AI Model Commoditization","2026-03-25T16:26:30.582047+00:00",{"id":113,"slug":114,"title":115,"created_at":116},"b4b2575b-2ac8-46b2-b90e-ab1d7c060797","google-gemini-ai-rollout-2026-en","Google's Gemini AI Rollout Extended to 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