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SpaceX, OpenAI, and Hohn’s Hedge‑Fund Strategy Shake Up IPO Landscape

Financial Times Companies •
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Elon Musk’s SpaceX filed its prospectus, setting the stage for the largest IPO ever.

OpenAI eyes a September launch, targeting a valuation north of $1 trillion as it builds a blockbuster offering.

Billionaire Chris Hohn, head of The Children’s Investment Fund, maintains a razor‑sharp 15‑stock portfolio worth $77 bn and a $14 bn stake in GE Aerospace, now down 7% amid global airline pressure.

These moves illustrate how concentrated bets, AI‑driven valuation swings, and high‑profile IPOs converge to reshape investor expectations and market dynamics.