OpenAI's valuation is between $850 billion and $1.1 trillion. How should the valuation of ChatGPT actually be calculated?

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The three major AI startups in the US stock market compete to go public
CryptoWorld News reports that with a new wave of enthusiasm in tech stocks, SpaceX, OpenAI, and Anthropic are driving an IPO surge, and the combined valuation of the three giants is expected to exceed $3 trillion. SpaceX has filed its IPO prospectus, targeting a valuation of $1.75 trillion to $2.3 trillion, with a listing as early as June 12, 2026. Despite facing losses totaling billions of dollars, its Starlink business achieved $11.4 billion in revenue and $4.4 billion in operating profit in 2025. OpenAI is partnering with Goldman Sachs and Morgan Stanley, and is expected to submit an IPO draft prospectus at the earliest this Friday, planning to list by the end of 2026, with a valuation range of $850 billion to $1.1 trillion. SoftBank, which holds about 13% of the shares, saw its stock price jump 20%, recording approximately $45 billion in unrealized gains. Anthropic is also pushing forward with the listing process, planning to in 2026
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