Marketplace All-in-One

Elon Musk’s SpaceX just filed to go public, and OpenAI is expected to file in the fall. Both businesses have been around for over a decade — what was the hold up? In this episode, we explain the tradeoffs that come with an IPO. Plus: U.S. manufacturers struggle with climbing tungsten prices, Stellantis doubles down on affordable car models, and the authors of “How to Win a Trade War” make an optimistic case for our future global economy.

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Some of the biggest names in tech are making moves to go public this week. SpaceX — Elon Musk’s rocket, social media, and AI company — filed for an initial public offering yesterday. And the Wall Street Journal reported that OpenAI, the maker of ChatGPT, could file for an IPO as soon as tomorrow. These companies have raised a lot of private capital over the years. Why go public now? Plus, the pharmaceutical industry is investing billions in finding exotic radioactive isotopes to treat cancers.

About 8,000 Meta employees lost their jobs this week. The company is looking to offset its massive AI spending and “operate with a flatter structure." 'Flatness' has become a common refrain when tech companies shed jobs. It refers to the elimination of layers of middle-management roles, as AI agents take over some coordinating functions. Also on the show: Nvidia faces stiffer competition, and we learn about advancements in radiation cancer therapies.

Do you ever look at the world and think: everything is so uncertain, who knows if I’ll ever be able to retire … so I might as well get those concert tickets? Then you might be doomspending. Reema talks with The Financial Diet’s Chelsea Fagan and behavioral economist Judd Kessler about why we doomspend, and what we should do instead. Plus, producer Alice Wilder makes a confession.

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Anthropic’s newest AI model, Mythos, is so good, the company says, at uncovering security vulnerabilities that it's too dangerous to release to the public. Anthropic shared a preview version with a select group to help patch the holes that Mythos finds.

But the prospect of a super-hacker AI system is still sending some business leaders into a panic. Marketplace’s Meghan McCarty Carino reports.