California expects SpaceX and AI giants' IPOs to bring taxes, shifting towards long-term diversification model

According to CNBC, as potential IPOs of technology companies such as SpaceX, OpenAI, and Anthropic approach, California is expected to see tax growth. The listing of SpaceX may become a historic tax source for California, but due to the impact of employee equity structure and tax avoidance behavior, the tax model is shifting from centralized outbreaks to long-term dispersion. The California Department of Finance and Office of Legislative Analysis pointed out that compared to Facebook's 2012 IPO, which brought in approximately $1.3 billion in taxes, the actual revenue from the current mega IPO may be more dispersed and difficult to predict.