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this post was submitted on 03 Nov 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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OpenAI's financials are putrid, but they want everyone's retirement money. What would stop them avoiding scrutiny of an IPO by going public via the SPAC route? Sorry if this is a dumb question!
I would assume nothing stops them but I would love to get an analysis of why they may not be looking into this from someone who actually knows what they're talking about. Best I can come up with from a complete layman's perspective is that they're concerned about the valuation they'd end up with. Not sure if the retail market had enough juice to actually pay for a company that is hypothetically one of the most valuable companies in the world, and puncturing that narrative might bring the whole bubble down (in a way that costs a lot of normal investors their shirts, of course).