US tech IPO supercycle incoming

Nearly 20 unicorn giants are lined up for Nasdaq and NYSE listings, racing toward the public markets in a concentrated sprint. Hard tech assets are repricing and will continue to define the next decade. AI, commercial space, and defense technology are all on the block at once, and the biggest names have already shown their hand.

Four stocks to watch

1. SpaceX (proposed ticker: SPCX)

• IPO date: Targeting a June window

• The most advanced and highest-profile name in this cycle. SpaceX formally submitted its public filing on May 20, targeting a lightning-fast listing as early as June. The era of broad public access to the space economy is here.

2. OpenAI: AGI's first public stock

• IPO date: As early as September

• The definitive leader in generative AI and the company behind ChatGPT is preparing a confidential filing. Multiple Wall Street sources project the earliest possible listing window at September 2026.

3. Anthropic: Q4 showdown

The maker of Claude has locked in H2 2026 or Q4 as its IPO target. Its head-to-head with OpenAI in the public markets will be the biggest tech spectacle of the year.

4. Anduril: Defense AI comes of age

Representing the deep fusion of Silicon Valley AI and autonomous defense systems, Anduril is confirmed on high-priority watch lists and is targeting a 2026 to 2027 US listing window. It will become the defining name in next-generation defense tech equities.

The full pipeline

Beyond these four, the broader IPO queue is equally packed with names moving at full speed toward the public markets: