If the SEC allowed the SpaceX IPO they most certainly will allow the Anthropic IPO. From my point of view, the Anthropic IPO is a much more genuine one than the shenanigans that were going on with SpaceX, yet we’re all investing into that through ETFs as well.

Additionally, some ETFs have built in protections to rule out businesses that are not yet profitable (like SpaceX and Anthropic), which I think is a great rule.

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CamperBob2 2 hours ago | parent | next [-]

Elon Musk gave Trump $290M.

Greg Brockman, OpenAI's president, gave Trump $25M.

Dario Amodei gave Trump a hard time.

Do the math...

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applebottomjean 3 hours ago | parent | prev [-]

If companies were already profitable why would they go public?

	▲	stingraycharles 3 hours ago \| parent \| next [-]
		To let early investors exit? Most private funds like that have a horizon of 10 years, so they want to sell their investments at some point.
	▲	ben_w 2 hours ago \| parent \| prev \| next [-]
		Same reason they take private investments or loans: To grow faster than would be possible without that.
	▲	saalweachter 33 minutes ago \| parent \| prev \| next [-]
		It used to be the norm for companies to become profitable, then IPO, moreso for megacorps. If I am remembering my history correctly, the first company to go public with a multi-billion dollar valuation while being unprofitable was Netscape, which kicked off the dotcom bubble.
	▲	infinite_spin 2 hours ago \| parent \| prev [-]
		public investment can be magnitudes larger than your profit, allowing growth that would otherwise not be possible