Three AI giants race to IPO

Three of the most anticipated IPOs in history are now converging. SpaceX, OpenAI, and Anthropic are moving toward public listings within months of each other, with a combined valuation approaching $4 trillion. This is the largest wave of tech asset securitization the world has seen.

SpaceX: The $2 trillion space empire

SpaceX has formally filed its prospectus with a target valuation of $1.75 to $2.3 trillion, with a potential listing date as early as June 12.

The company still runs a multi-billion dollar net loss overall, but its core engine – Starlink – generated $11.4 billion in revenue in 2025. The prospectus also reveals Musk's super-voting share structure and massive stock options tied to building a million-person Mars colony and space data centers.

OpenAI: Secret filing as early as this Friday

The leading AI company is working closely with Goldman Sachs and Morgan Stanley and could confidentially submit its IPO draft prospectus as early as this Friday – targeting a listing before year-end 2026, with September as the earliest possible date. Valuation target: $850 billion to $1.1 trillion.

SoftBank, which holds a 13% stake, saw its share price surge 20% on the news, with floating gains now at $45 billion.

Anthropic: Targeting Nasdaq in H2 2026

OpenAI's strongest rival is growing at an explosive pace. Q1 revenue reached $4.8 billion; Q2 is projected to hit $10.9 billion – potentially its first profitable quarter.

Anthropic has formally engaged legal counsel to advance the process, targeting a Nasdaq listing in H2 2026 at a $900 billion valuation.

Get in before the crowd

The largest wave of tech asset securitization in history is about to begin. Pre-IPO assets let you position ahead of the listings.

Disclaimer: The tokens mentioned in this article are onchain mapped assets only and do not represent any actual equity or ownership. Circulating market cap is calculated based on onchain data only and does not reflect the real-world valuation of the corresponding projects. Onchain trading carries risk. Always conduct independent research. See Pre-IPO risk disclosures for details.