According to The New York Times, SpaceX’s stock rose 11% in what the publication describes as the largest IPO ever for Elon Musk’s rocket company. The Times reports this debut is paving the way for upcoming offerings from AI companies OpenAI and Anthropic.
TechCrunch AI characterizes the current market activity as a “hot IPO summer” for SpaceX, Anthropic, and OpenAI, noting that “the IPO market is back.” The publication reports that a new grouping of companies, referred to by the acronym MANGOS—Meta (or Microsoft), Anthropic, Nvidia, Google, OpenAI, and SpaceX—is emerging in market discussions. According to TechCrunch, this represents a shift from the previous FAANG era, with half of the MANGOS companies apparently preparing for public offerings.
Both sources indicate that major AI companies are positioning themselves for stock market debuts following SpaceX’s successful IPO performance, though specific timing for the OpenAI and Anthropic offerings was not provided in either report.