North Carolina Treasurer passes on SpaceX citing valuation concerns; favors OpenAI, Anthropic
CNBC Top News ·
North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, …
North Carolina State Treasurer Brad Briner said the year's hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina's teachers, firefighters and police officers, said the state has invested heavily in artificial-intelligence startups OpenAI and Anthropic while avoiding a direct stake in SpaceX — expected to go public Friday — because of concerns that the Elon Musk-led company's $1.77 trillion valuation leaves little room for future …
Original source: CNBC Top News