California Bets on IPO Tax Windfall: SpaceX and AI Giants’ Listings Could Bring Billions in Revenue

CoinFeed, June 20 – According to CNBC, as potential IPOs of tech companies such as SpaceX, OpenAI, and Anthropic approach, California expects a wave of IPO-related tax revenue growth, though the actual scale and predictability remain highly uncertain. SpaceX’s listing could become one of California’s historic tax revenue sources, but due to its special employee equity incentive structure (RSU single-trigger vesting mechanism) and long-term prepaid tax arrangements, some taxes have already been realized before the IPO, weakening the traditional “concentrated IPO tax surge” model.