Industry
94d agoOpenAI And SpaceX IPOs Face Valuation Risks
A Reuters analysis shows most of the 50 largest IPOs from the last five years underperformed the S&P 500. Investors now eye potential listings for OpenAI and SpaceX despite these historical trends. Analysts warn that extreme debut enthusiasm often masks unsustainable valuations.
The Signal
This creates a volatile environment for late-stage venture capital exits.