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California Expects Billions in Tax Revenue as SpaceX, OpenAI IPOs Approach

GateNews
StocksAI Industry News
According to CNBC, California is bracing for a potential tax windfall as SpaceX and artificial intelligence companies like OpenAI and Anthropic move toward initial public offerings, though the actual scale remains uncertain. The state's Finance Department and Legislative Analyst's Office noted that while Facebook's 2012 IPO generated roughly $1.3 billion in tax revenue, current mega-IPOs could yield higher theoretical potential. However, complex employee stock structures, earlier sale timings, and growing tax avoidance strategies may spread collections over longer periods, making future revenues more volatile and harder to predict.
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