# OpenAI Must IPO First At Any Price, Anthropic Dominating AI

Page: https://stenobird.com/podcast/good-revenue-6621493/openai-beats-elon-except-now-ipo-looks-bleak
Text version: https://stenobird.com/podcast/good-revenue-6621493/openai-beats-elon-except-now-ipo-looks-bleak.md
Podcast: [Good Revenue News](https://stenobird.com/podcast/good-revenue-6621493)
Published: 2026-05-19T16:00:00+00:00
Episode link: https://shows.acast.com/good-revenue/episodes/openai-just-beat-elon-but-congress-is-coming-ipo-may-not-be
Audio file: https://sphinx.acast.com/p/open/s/64c1fb4a8e16bd00116ffd75/e/6a0b952df37ac16f7cca6396/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/good-revenue-6621493/episodes/openai-beats-elon-except-now-ipo-looks-bleak
Duration seconds: 693

## Resource

OpenAI just won a major legal battle against Elon Musk, but are they about to lose the IPO race anyway in the hottest year ever for public offerings? The Musk v. OpenAI trial ended in just two hours with a verdict for the defense, but the reputational damage from testimony may matter more than the legal outcome. Sam Altman now faces a House Oversight inquiry over $2 billion in stakes he holds in companies tied to OpenAI, while OpenAI misses targets and the CFO says it's not ready for public markets. Meanwhile, Anthropic just beat OpenAI in crucial metrics for the first time as it cruises towards a successful IPO this year. CHAPTERS 00:00 Musk v. OpenAI verdict: jury rules in two hours 02:35 What the verdict means for OpenAI's IPO timeline 03:20 OpenAI's missed revenue targets and CFO warning 03:47 Sam Altman's $2 billion conflict and Congress inquiry 04:20 Anthropic's $30 billion raise and $900 billion valuation 05:40 Anthropic overtakes OpenAI in enterprise market share 07:08 The 2026 IPO landscape: SpaceX, Anthropic, OpenAI 07:30 Cerebras goes public: 70% pop, then a 10% drop 09:07 SpaceX IPO: June 12 target, governance risks, and Nasdaq index rules 10:45 Who actually benefits from the Nasdaq fast-track rule change IF YOU LIKED THIS, WATCH: → Elon Musk Just Exposed OpenAI's Biggest Secret in Court: https://youtu.be/b5Ye6iYzM6E → SpaceX $75 Billion IPO Scheme Exposed, What Do You Even Get? https://youtu.be/Cu2uxh6noc8 SOURCES & FURTHER READING OpenAI vs Elon Musk Trial Verdict * Jury sides with OpenAI in Elon Musk lawsuit what it means for AI control and governance: https://apnews.com/article/musk-openai-trial-verdict-0b9b0bfaffe96f2c930341f52dfe4f8c * Federal jury rules for OpenAI in Musk feud key legal takeaways for the AI industry: https://www.ksat.com/business…

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