Shitpost question: Are the upcoming IPO’s for AI ‘frontier’ companies a rug pull?

Specifically talking about OpenAI, Anthropic and SpaceX. I think early backers and VCs want their money back now before a potential AI bubble burst. SpaceX has a ridiculous valuation, OpenAI wants to churn through 600 billion before it’s profitable and recent reports are coming out that the cost of using Claude vastly exceeds that of human capital with the token churn rate being what it is. I think there is a bubble, and the maths doesn’t add up, whilst AI compute costs will eventually fall, the