About 20 New Billionaires Could Be Minted by 3 Mega-I.P.O.s
The New York Times • • business
Key Points:
- SpaceX has raised about $75 billion in its public offering, valuing the company at $1.77 trillion, while Anthropic and OpenAI are also preparing to go public with valuations near $1 trillion each.
- These public offerings are expected to create over 20 new billionaires among current and former employees of the three technology firms, according to analysis by Sacra.
- Employees will gain access to publicly traded shares that can be converted into significant wealth after lockup periods, including SpaceX COO Gwynne Shotwell, whose stake is valued under $2 billion.
- Key figures at Anthropic and OpenAI, such as OpenAI co-founder Greg Brockman and Anthropic CEO Dario Amodei, stand to become billionaires with shares valued at $30 billion and $8 billion respectively.