According to a Financial Times report, three of the most valuable privately held American tech companies i.e. SpaceX, OpenAI, and Anthropic, are gearing up for potential initial public offerings (IPOs).
The scale of these offerings and the valuations being discussed have captured intense attention from investors, bankers, and technology watchers because of their potential to reshape market expectations.
SpaceX is perhaps the most prominent among the three when it comes to financial impact. According to multiple people familiar with its planning, the company has signaled to investors that it intends to launch a public listing in 2026 unless a major market disruption intervenes.
Recent internal share transactions have set its private valuation at around $800 billion, and some analysts speculate that a SpaceX listing could raise more than $30 billion or even surpass the record for the largest IPO ever. That record was previously set by Saudi Aramco’s $29 billion offering in 2019.
At the same time, OpenAI, the maker of generative AI models like ChatGPT, is laying the groundwork for its own market debut. Senior executives have held talks with major law firms and financial advisors to frame its pathway to going public. Although the company’s leadership has not set a final timetable, reports indicate discussions are ongoing that could see regulatory filings as early as the second half of 2026.
Anthropic, another major AI developer and creator of the Claude family of models, has also made a high profile move toward the public markets. The company has engaged prominent legal advisers to start preparing for an IPO that could take place as early as 2026.
Taken together, these preparations suggest a potential surge in blockbuster public offerings that could eclipse the total amount raised by the US IPO market in 2025.
Last year saw roughly $30 billion raised by newly listed companies, mostly in the technology sector. Even if only one of these companies completes a successful listing, the proceeds could far exceed that figure.
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