SpaceX, Anthropic, or OpenAI: Which IPO Is the Better Buy?
Written by Brett Schafer for The Motley Fool -> SpaceX has grand ambitions, but it is actually smaller than these two businesses today. Anthropic is seeing huge revenue and profit momentum. OpenAI is falling behind Anthropic in revenue and is reportedly very unprofitable. We
SpaceX has grand ambitions, but it is actually smaller than these two businesses today.
OpenAI is falling behind Anthropic in revenue and is reportedly very unprofitable.
We may see three trillion-dollar initial public offerings ( IPOs ) this year. SpaceX (NASDAQ: SPCX) just debuted with a market cap of $2 trillion, while both OpenAI and Anthropic are planning to raise capital and go public later this year.
Investors, large and small, will have the opportunity to invest in these fast-growing artificial intelligence ( AI ) stocks, including SpaceX, an AI and space-economy play. But which IPO will be the better buy?
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Based on the price, the answer is clear from the financial data.
At a $2 trillion valuation, SpaceX is now one of the largest companies in the world by market value. It does not have close to this level of revenue -- $18 billion in 2025 -- but has grand plans for massive revenue growth in the years ahead.
The company generated only a small amount of revenue from rocket launches, and the majority of its revenue last year came from its Starlink internet service. The segment had $11.4 billion in revenue and is growing 50% year over year with nice profitability.
