00:00Another day, another IPO. At least a confidential filing from OpenAI. It means we know about it,
00:05of course, but we don't know all the details and the paperwork submitted by Sam Altman's company
00:10to the Securities Exchange Commission. We do know they are targeting a public IPO potentially
00:15before the end of this year. The company looking to raise funds then to continue to build out its
00:20products, continue to build models at the frontier amid, of course, increased competition from the
00:26likes of Anthropic and Google. Talking of Anthropic, we know that they have also filed a confidential
00:32IPO, potentially targeting a market cap, that company, of around a trillion US dollars. OpenAI
00:38recently valued at north of US$850 billion. They raised US$112 billion in their most recent round,
00:45so certainly the battle is on to raise funds privately and now publicly. And of course,
00:52we are thinking this week about SpaceX as well. That company will be public by the end of this
00:57week, potentially with a market valuation of around US$1.8 trillion. Elon Musk's rockets to
01:03satellites to potentially data center company looking to raise US$75 billion. This is an historic
01:10moment then for the capital markets as these AI giants look to list and tap that financing they need
01:18to pursue those ambitious growth plans.
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