Washington, Brussels stake their claims on AI as trillion-dollar IPO wave begins

Article excerpt

SpaceX's imminent Friday IPO marks the opening of a trillion-dollar public market surge for AI-era companies, triggering competing visions between Washington and Brussels. The U.S. is negotiating a government equity stake in OpenAI, betting on direct investment and influence over the sector's kingmakers. Meanwhile, the EU has rolled out a tech sovereignty package designed to nurture European alternatives and reduce dependence on American AI champions. Both governments are moving fast to stake claims in a market that will reshape global economic power.