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Comment by pseudosavant | Hacker News Reader

It is increasingly look like OpenAI, Anthropic, and SpaceX (xAI) are going to burst their own AI bubble by going public. Their businesses aren't ready for that kind of quarter-by-quarter grinding scrutiny. It is going to be bad when their lockup periods end.

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The SEC has a proposed rule in public comment period right now that will change quarterly reporting to semiannual reporting.

[1] https://www.sec.gov/newsroom/press-releases/2026-42-sec-prop...

[2] https://www.sec.gov/rules-regulations/2026/05/s7-2026-15

[3] https://www.sec.gov/files/rules/proposed/2026/33-11414.pdf

Bubble has to burst at some point, so IPO now and at least get some exit liquidity. If you wait too long you’ll never be able to exit at all.

I think that’s the thought process and why they’re in such a rush. In fact all three are in a sort of race, you probably don’t want to be the last one to IPO

The bubble burst when they bought all the ram wafers to stifle global and local competition. They can't compete and the real costs are insane. Scale won't solve it even if they pave the continent.

> It is increasingly look like OpenAI, Anthropic, and SpaceX (xAI) are going to burst their own AI bubble by going public.

They don't really have a choice - there is a finite amount of money in the open market, and the first one to IPO is going to get the lion's share of that money.

Reality left the building a long time ago. I think a lot of world models of how things "should" go are severely outdated.

Like the TSLA bubble has burst?

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