Investors are lining up to buy into the artificial intelligence boom, starved of growth assets and eager for direct exposure, even at eye-watering valuations. SpaceX, OpenAI and Anthropic could soon feed that insatiable hunger as they prepare to list. Elon Musk’s SpaceX is expected to be just days away, with June 12 reportedly a target date.
Each of these tech titans is likely to be valued at more than US$1 trillion (S$1.28 trillion), making them instant heavyweights in global equity markets. But investors are, in effect, applying the logic of the last tech cycle to a very different kind of business.
