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SpaceX IPO $1.25T, AI Valuations Rise, Returns Uncertain

5/29/2026

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Summary

Story summary

Elon Musk is preparing to take SpaceX public with a $1.25 trillion valuation, and Sam Altman of OpenAI and Dario Amodei of Anthropic seek $900 billion valuations.
Jay Ritter, economist at the University of Florida, said investors would find it hard to profit within three years.
The article warns that investors using mutual funds, workplace trusts or ETFs are unlikely to see returns and that share prices could make companies poor investments.

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Story summary

Elon Musk is preparing to take SpaceX public with a $1.25 trillion valuation, and Sam Altman of OpenAI and Dario Amodei of Anthropic seek $900 billion valuations.
Jay Ritter, economist at the University of Florida, said investors would find it hard to profit within three years.
The article warns that investors using mutual funds, workplace trusts or ETFs are unlikely to see returns and that share prices could make companies poor investments.