Bloomberg Surveillance · Monday, August 3, 2026
The challenges faced by SpaceX and Elon Musk's credibility could set a precedent for upcoming IPOs from AI companies like OpenAI and Anthropic. Sarah Conce suggests that the high valuations previously seen may be revised downwards, moving from 'trillion dollar' aspirations to more modest 'hundreds of billions'.
“I think that we've already seen with open Ai it's having a huge impact. You know, Sam talks a lot about how he doesn't want to be a public market CEO. You know, there's a lot of hesitation around that IPO. But at the same time we know they are absolutely bleeding cash and that private markets are getting a lot less excited about putting more money in.”
“And I think with Anthropic there's a question mark there too. They seem like they have better margins, like they will go public. But I think everybody's going to slowly be dropping that tea that trillion and going back to hey, it's perfectly respectable that IPO is one hundreds of billions valuation.”