ALTMAN is looking to cash out stock options before OPENAI crashes and burns. much like spez did with reddit.
this post was submitted on 21 May 2026
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Can't wait to see their financials in the excruciating detail that's required of an IPO filing.
Irrelevant. Meme stocks don't follow financial rules for valuation. See TSLA.
Where did I mention valuation?
It would be hilarious if in the end this would cause the bubble to burst
hope he brings thiel down with him too.
It does seem like someone wants their investments back and pass on the money black hole over to the public.
I'd be surprised if they can continue their business as is after an IPO.
SpaceX is going public at $2 Trillion dollars on like $12b of revenue.
They’re trying to foist the bag on to index funds.
Which means retirement funds
My retirement fund has $0 in anything AI or Musk.
How does that even happen? They just decide what their valuation is??
Yes.
Elon musk had SpaceX buy XAi which bought Twitter all for increasingly more money from himself. The valuation is based on that. Somehow.
Apparently they claim their TAM is $28T because identifying trillion dollar businesses is their core “repeatable business model”. None of the companies folded into SpaceX now are trillion dollar companies. How the argument that the core business is making trillion dollar companies, despite not making any trillion dollar companies, makes any sense I do not know.
Also uhh… don’t look at their declining real revenue, or that they just bought $1B of depreciating assets from Tesla like $138M of cyber trucks. That definitely was not because they weren’t selling.
Edit: Here's a video on this so you all can see exactly how shitty this deal is https://www.youtube.com/watch?v=-X6YzlY_8tM
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How can it be possible?
How in the everloving fuck can that happen?
How are the streets not running with blood?
waves hands
Corruption.
Fire all the regulators, find some shit to pump, get all your buddies in, have the NASDAQ make special rules for you, then everyone who bought in private sells on open when the index funds have to buy in. Many pensions may be legally forced to buy this shit to satisfy regulations.
It's fucked. Well over 100x revenue multiples at IPO. They just filled their S1.
The market makers are turning index funds into 2008's CDOs.
Which is insane. CDOs were crazy, but fucking index funds is batshit insane levels of evil. Not just corruption, but all out treason.
Yeah, I’ve been a fan of index investing for a while, but have become very sceptical of the sp500, nasdaq 100, etc. as valuations have become more concentrated.
When so few assets make up such a large portion of the index I think it loses its diversification advantages.
This is why I use international index funds primarily. Small cap is also a solid hedge
For amateur investors, the question to always ask is why does a company with massive private investments need to go public?
They are going to enshittify so hard trying to get their money back... it's too bad, too. I use ChatGPT a fair bit for various things. But eras end and this could herald the end of it being useful to me. At some point I was always just going to set up my own local AI on a server here at home. Hopefully hardware prices can recover a bit before I feel compelled to move on from ChatGPT.
I saw an article talking about how prices for AI are cheap as hell right now cuz they're trying to get people used to not thinking (or programing) for themselves. Then when people are dependent on it they're planning on jacking the price up.
The prices are already going up, look at anthropic's price hikes, or the GitHub copilot ones. You're right it is just the start though.
Axios just announced that AI is now more expensive than hiring a human.
I'm an atheist, but i pray this happens I'm so sick of AI.
that's gonna be wework on meth
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Filing for IPO these days is just the same as having a live hand grenade in your hands and trying to sell that as quickly as possible to a nice group of people
Pump and dump, anybody?
We're getting closer to the bubble popping
China won the game. Their models are cheap and available and free weights.
Openai will never make any money. They realized it's a high time to sell so. Wouldnt give a dime
They're also behind Anthropic when it comes to expensive frontier models.
I wouldn't buy their stock even if I was looking to invest in AI.
And, as I understand it, Anthropic hasn't committed as much spending to building out new data centers, and has setup their operations to be GPU agnostic, so they can keep flexibility between NVIDIA GPUs, Google TPUs, and Amazon Trainium, and play the data center pricing game. Anthropic is better positioned to survive an AI winter (and I believe it's coming soon).
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Have they finally run out of money and need a new source of cash to burn?
A $35 billion investment from Amazon hinges on OpenAI providing an IPO... So this does reek of desperation one way or another.
Who will fall for the IPOAI rug-pull?
I kinda dislike public companies/IPOs :(
Can someone explain to me why it would be a bad idea to short the fuck out of this stock? I'd like to make money and be a principled human at the same time, but I'm not well versed in the stock market.
It's a bad idea because shorting requires a settlement date.
You can't keep a short the same way that you keep an investment. You need to predict at what time it is worth less than it is now.
It's also a bad idea, because you can lose more than you invest. If you buy a stock, you can only lose the purchase price of that stock. If you short it, there's no upper limit to how much you can lose if the stock keeps rising. The people holding the stocks will do anything to keep inflating the stock price, even if it's evident to everyone that it is a bubble. As long as they can keep throwing money at it, they can keep the price going up.
I'm not well versed in the stock market.
This is a good reason not to short.
principled human
This is an even better reason not to short.
Thanks for the reply. This is the first time someone has explained stock options so simply to me.
Its the explanation of the old adeage "the market can remain irrational longer than you can remain solvent"
beautiful words. I have never heard it before.
You're a dog you can't legally invest
Check the rules! I once heard there was no rule that a dog couldn't be in the NBA.
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