The much-awaited IPO comes as Elon Musk’s SpaceX is expected to launch its roadshow on June 4, with the rocket and satellite maker likely to target raising about US$75 billion at a valuation of roughly US$1.75 trillion.
Wall Street is betting 2026 could be a breakout year for the US IPO market, underpinned by a strong pipeline of high-profile private companies and pent-up demand for new listings.
Goldman Sachs predicted earlier this year that proceeds from US IPOs could vault to a record US$160 billion in 2026, should the marquee names go public this year.
Here is an overview of some of the mega IPOs expected in 2026:
Anthropic
AI heavyweight Anthropic revealed it had confidentially filed for a US IPO, setting the stage for what could become a watershed moment for Wall Street’s AI frenzy.
Anthropic, which operates AI chatbot Claude, last raised US$65 billion at a post-money valuation of US$965 billion in late May, putting it ahead of rival OpenAI.
SpaceX
Elon Musk’s SpaceX filed publicly for its hotly anticipated US IPO last month, moving the firm closer to what could be the biggest stock market flotation ever.
SpaceX has accelerated its IPO timeline, with a roadshow launch targeted for June 4 and the share sale as early as June 11, Reuters reported last week, citing people familiar with the matter.
In February, SpaceX acquired Musk’s artificial intelligence startup xAI in a record-setting deal, unifying his AI and space ambitions by combining the company with the maker of the Grok chatbot.
If SpaceX raises US$75 billion, it would be the world’s largest IPO, eclipsing oil major Saudi Aramco’s 2019 listing.
OpenAI
ChatGPT-maker OpenAI is preparing to confidentially file for a US IPO and aiming for a speedy IPO, Reuters reported last month, citing a source familiar with the matter.
OpenAI is targeting going public as early as September and is working with Goldman Sachs and Morgan Stanley on a draft IPO prospectus that it plans to file with the regulators soon, Reuters had reported at the time.
The Sam Altman-led company was laying the groundwork to go public in an offering that could value it at up to US$1 trillion, Reuters reported in October.