Here in the United States, Elon Musk’s private aerospace and artificial intelligence company SpaceX has confirmed plans to go public, in what’s likely to become the largest initial public offering in history. The plan could see SpaceX’s valuation reach $2 trillion, surpassing the 2020 IPO of the oil giant Saudi Aramco. It could see Elon Musk’s majority stake in SpaceX rise in value to more than $600 billion, making him the first trillionaire in history.

Meanwhile, OpenAI, the maker of ChatGPT, is set to file for an initial public offering in the coming weeks. The artificial intelligence company is valued at more than $850 billion by private investors and is working with Goldman Sachs and Morgan Stanley to prepare the paperwork. Separately, OpenAI rival Anthropic is preparing an IPO that could see its valuation top $1 trillion.