When AI giants go public, will ordinary investors know whether they will join?

When AI giants go public, will ordinary investors know whether they will join?

By Sara Ali
Publication Date: 2026-05-20 22:54:00

We’ve heard a lot about the artificial intelligence (AI) boom and how enormous amounts of money are flowing into companies developing increasingly powerful technologies.

This boom is now taking a new turn as major AI players move ever closer to going public.

OpenAI is reportedly preparing to confidentially file for an IPO that could value the ChatGPT maker at hundreds of billions of dollars. Competitors like Anthropic (Claude) and Elon Musk’s SpaceX – which just acquired xAI (Grok) – are also moving towards the public market.

But what many people may not realize is that they could end up owning shares in these giants through retirement funds, annuities and other managed investments – whether they want to or not.

And while people may have moral concerns about the AI ​​companies they are affiliated with, the bigger question is about money, risk, and who ends up owning it.

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