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AI companies like OpenAI and Anthropic are preparing for IPOs following SpaceX's record-breaking public offering, signaling a shift in public market focus from consumer tech to AI and deep tech.
The TechCrunch Equity podcast discusses the return of the IPO market with a new acronym MANGOS (Meta/Microsoft, Anthropic, Nvidia, Google, OpenAI, SpaceX) and various related tech news including Apple's WWDC, Waymo's acquisition, and Google-SpaceX compute deal.
Anthropic is moving toward a public IPO filing after raising $65 billion at a $965 billion valuation, with co-founder Daniela Amodei citing the need for capital to train frontier models and serve inference at scale. The company reported $47 billion in annualized revenue as of May 2026, and has partnered with xAI for $1.25 billion per month in compute capacity rather than building its own data centers.
Quantinuum is going public on the Nasdaq despite losing nearly $200 million last year, as investor demand for quantum computing stocks surges amid a wave of quantum IPOs in the US. The company is the fourth quantum firm to list in the US this year and the first to go through a traditional IPO process, drawing significant attention from investors and industry watchers.
The article examines the tension between AI safety labs OpenAI and Anthropic pursuing IPOs while maintaining safety promises, alongside technical evidence that autonomous agents still degrade over extended tasks and Google's massive distribution advantage with new Gemini products.