SpaceX stock jumped 28-30% as Anthropic and OpenAI plan IPOs. Jeff Hassemer argues investors value AI companies like infrastructure, not software, which explains their extraordinary valuations and the rush to go public.
Second, the AI IPO arms race is on. So we are seeing SpaceX go live today. It's already up 30% on the day, or 28% on the day. Anthropic announced their IPO, OpenAI announced their IPO. The real news here is that AI is actually being priced in as infrastructure like AWS, not as a toolset. So that's where those huge valuations are coming from and what's going on with this environment. AI is essentially infrastructure for what we're doing out there in the market.
