2 months ago
OpenAI (Unlisted:OPAI) is on track to generate annualised revenue of more than $40 billion, according to Bloomberg, citing people familiar with the matter, roughly double its run rate at the end of 2025.
The acceleration strengthens the case for a stock market debut, with the ChatGPT maker having filed confidential paperwork to go public.
Growth has been driven in part by its AI coding software, alongside subscription sales, a young advertising business and a still-expanding consumer arm.
Greg Brockman, co-founder and president, told staff the run rate rose more than 20% month-on-month in July.
Chief financial officer Sarah Friar had previously said the company ended last year above $20 billion.
#billion #opai #bloomberg #greg
The acceleration strengthens the case for a stock market debut, with the ChatGPT maker having filed confidential paperwork to go public.
Growth has been driven in part by its AI coding software, alongside subscription sales, a young advertising business and a still-expanding consumer arm.
Greg Brockman, co-founder and president, told staff the run rate rose more than 20% month-on-month in July.
Chief financial officer Sarah Friar had previously said the company ended last year above $20 billion.
#billion #opai #bloomberg #greg
2 months ago
Two of the biggest listings in market history are queued up for the back end of this year, and punters are already pricing the run-in.
Polymarket has opened books on where OpenAI (Unlisted:OPAI) and Anthropic (Unlisted (US):ANTHRO) private valuations land at the end of August, settled on the price reported by Nasdaq Private Market.
The contrast between the two is the interesting bit. OpenAI's market is tightly clustered and reasonably well traded, with 54% on a valuation of $800 billion to $900 billion, and a further 23% on $900 billion to $1 trillion.
That is basically a bet on nothing happening, since OpenAI was last marked at $852 billion in March and has sat there ever since. A related market gives it a 57% chance of touching $900 billion by 31 August.
Anthropic's book, by comparison, is barely trading, with most brackets showing no volume at all and prices that do not add up to a coherent picture.
#unlisted #polymarket
Polymarket has opened books on where OpenAI (Unlisted:OPAI) and Anthropic (Unlisted (US):ANTHRO) private valuations land at the end of August, settled on the price reported by Nasdaq Private Market.
The contrast between the two is the interesting bit. OpenAI's market is tightly clustered and reasonably well traded, with 54% on a valuation of $800 billion to $900 billion, and a further 23% on $900 billion to $1 trillion.
That is basically a bet on nothing happening, since OpenAI was last marked at $852 billion in March and has sat there ever since. A related market gives it a 57% chance of touching $900 billion by 31 August.
Anthropic's book, by comparison, is barely trading, with most brackets showing no volume at all and prices that do not add up to a coherent picture.
#unlisted #polymarket
3 months ago
Space Exploration Technologies (NASDAQ: SPCX) joins the Nasdaq-100 index on July 7, less than a month after going public. J.P. Morgan, part of JPMorgan Chase, estimates the move could create about $4.3 billion in passive buying by funds tied to the index.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If OpenAI and Anthropic go public at valuations even close to expected, could they also quickly enter index funds, including the S&P 500? Let's find out.
The biggest catalyst is Nasdaq's new fast-entry rule. Under the updated Nasdaq-100 methodology, the largest new listings can be reviewed on their seventh trading day if their full market value ranks among the top 40 current Nasdaq-100 companies. The companies also need to meet Nasdaq's eligibility rules and have enough trading liquidity.
Nasdaq may consider both listed and unlisted shares when determining eligibility and ranking, but the company's actual weight in the index is based only on listed shares. So OpenAI and Anthropic could go public at high valuations, but their impact on the index would depend on how many shares are actually listed for trading, not just on their total market value.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
If OpenAI and Anthropic go public at valuations even close to expected, could they also quickly enter index funds, including the S&P 500? Let's find out.
The biggest catalyst is Nasdaq's new fast-entry rule. Under the updated Nasdaq-100 methodology, the largest new listings can be reviewed on their seventh trading day if their full market value ranks among the top 40 current Nasdaq-100 companies. The companies also need to meet Nasdaq's eligibility rules and have enough trading liquidity.
Nasdaq may consider both listed and unlisted shares when determining eligibility and ranking, but the company's actual weight in the index is based only on listed shares. So OpenAI and Anthropic could go public at high valuations, but their impact on the index would depend on how many shares are actually listed for trading, not just on their total market value.
