IPOs Reveal AI‑Compute Truths

If frontier AI and space firms list publicly, required financial and risk disclosures will expose real compute, energy and revenue economics that are now opaque. An IPO functions as a de‑facto audit of whether promised AGI pathways are commercially and energetically plausible. — Making AI firms public would convert a secretive capability race into transparent market data, changing industrial policy, regulator leverage, investor risk, and public debate about AGI timelines.