California's AI IPOs may yield less tax revenue than anticipated.

SpaceX is now valued at $2.5 trillion. OpenAI and Anthropic are expected to go public later this year at valuations approaching $1 trillion each. California, where all three companies are based or have significant operations, should be looking at the largest IPO tax windfall in state history. The re

Related Stories

Brace for Price Hike on the iPhone 18

Sennheiser Enters the Open-Source Wireless Earbud Revolution

Wealthiest Consumers Responsible for $5.7 Trillion in Annual Environmental Harm

Baseten Lands $1.5 Billion, Aims for $13 Billion Valuation with AI Inference Play