Seeking Alpha analysts debate the most attractive upcoming IPOs after SpaceX debut

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2▲2 ▼0Impact / 5
Summary · why it matters

Seeking Alpha analysts weighed in on the most attractive upcoming initial public offerings following SpaceX's successful market debut. Donovan Jones highlighted Kardigan, a clinical-stage biopharma that debuted Thursday, and Bending Spoons as a potential digital media play, while noting that OpenAI and Anthropic are likely to launch soon with high demand despite challenges. Brett Ashcroft Green called SpaceX, OpenAI, and Anthropic all attractive but cautioned that retail investors face highly inflated prices after extensive private fundraising, and pointed to the Baron Partners mutual fund as a way to gain SpaceX exposure. Eugenio Catone argued that none of the upcoming AI IPOs are attractive due to unreasonable valuations, suggesting they are a strategy to cash out after a massive rally and advising retail investors not to take the bait.

Impact on assets 3

Artificial Intelligence▲
Biotech & Genomic Medicine▲
Space Economy▲

Off-coverage companies 3

Bending Spoonsi
Private▲ PositiveCapitalrelevance

Highlighted as a potential digital media play by analyst Donovan Jones.

OpenAIi
Private± Mixedrelevance

Mentioned as likely to launch soon with high demand but also criticized for inflated valuations.

Anthropici
Private± MixedCapitalrelevance

Mentioned as an upcoming AI IPO with high demand but inflated valuations; analysts disagree on attractiveness.