Billionaire Race: AI companies line up for IPO with trillion valuations — but is it bubble?

SpaceX, Anthropic and OpenAI are among the artificial intelligence companies running to make initial public offerings (IPOs) in 2025, with valuations that exceed trillions of dollars. The movement takes place amid increasing costs of AI development and the aggressive bet of giants such as Google, Meta and Microsoft, raising questions about the health of the market.

Why do AI giants want to open capital now?

The main reason is the huge market appetite for AI assets. With stratospheric valuations — OpenAI, for example, has already been valued at $300 billion in private negotiations — companies see a favorable window to capture capital and finance the race by increasingly expensive models. Training a single border model can already cost hundreds of millions of dollars, and the demand for GPUs and cloud infrastructure only grows. According to Ynet News, the pressure comes from both investors who want liquidity and the need to justify the high valuations with concrete financial results.

Sustainability of AI valuations: bubble or new age?

The issue divides analysts. On the one hand, the generational AI market should grow at annual rates of 30% to 40% by 2030, creating potential revenues of 1.5 trillion dollars. On the other hand, operating costs trigger — and companies like Uber already impose budget ceilings for AI tools, as shown in Uber imposes $1,500 ceiling for AI coding tools after budgeting. This mismatch between spending and real revenue feeds the fear that part of the current valuation is speculative.

How do AI IPOs impact the technology market in Brazil?

For Brazilian startups and developers, the opening of capital of these giants can mean more investment in global AI infrastructure, expanding access to advanced models. However, the possible bubble also poses risks: if IPOs collapse, funding for local startups can dry, and the cost of AI tools can increase. Brazilian companies that rely on APIs from these companies should be attentive to volatility.

Frequently asked questions about the IPO of AI companies

How to invest in the IPO of companies like OpenAI and Anthropic?

There are no official dates yet, but Brazilian investors can access international IPOs through brokers that offer access to the US market, such as Avenue and Nomad, provided they meet the requirements of qualified investor.

What is the biggest risk when buying shares from AI companies now?

The biggest risk is to pay for valuations based on future revenue expectations that may not come true, especially if competition or regulations tighten the margins.

Will OpenAI's IPO happen in 2025?

According to Ynet News, OpenAI is among the companies that negotiate the opening of capital this year, but no official schedule has been confirmed. The process depends on regulatory approvals and market conditions.