A Chinese media summary reports that SpaceX, OpenAI, and Anthropic are lining up IPOs for 2026, potentially valuing the trio collectively around $1.8 trillion to $2 trillion, with SpaceX possibly hitting a record IPO valuation between $800 billion and $1.5 trillion.

OpenAI is targeting a late-2026 IPO, with current valuations near $500 billion and a path to roughly $830 billion after additional capital raises, aiming to fund massive AI infrastructure including bespoke chips and data centers.

Beyond these three, the article flags other major tech IPOs in 2026, such as Databricks around $134 billion and Canva around $42 billion, suggesting total US IPO activity could exceed all of 2025.

Experts warn market timing and terms will depend on regulatory scrutiny and potential shocks, but the momentum signals strong investor interest in AI-driven platforms and transformative tech.

The piece weighs whether a wave of pure-play AI IPOs could set the market’s view on AI demand and profitability, noting possible outcomes from renewed AI investment to a bubble burst, with Nvidia cited as a counterexample.

Industry voices, including IPO expert Jay Ritter and Renaissance Capital’s Nick Einhorn, stress uncertainty, valuation dynamics, and the need for more data to gauge profitability and demand.

Context notes that major tech giants aren’t pure AI plays; truly AI-focused IPOs could offer clearer signals on demand and profitability for the sector.

Three drivers behind the 2026 wave: high capital needs for satellites and AI infrastructure, market readiness with transparent audited financials, and attractive, lower interest rates for hyper-growth public offerings.

If realized, the 2026 IPO wave could unleash a $1.5 trillion liquidity surge, reshaping the tech and AI landscape and redefining public investing.

Analysts foresee a buoyant IPO environment lifting local and broader economies, with AI potentially supporting parts of the US economy amid concerns about overvaluation.

Observers believe combined IPO activity from SpaceX, OpenAI, and Anthropic could dwarf typical volumes, potentially exceeding the roughly $30 billion in IPO proceeds seen in the first nine months of 2025.

The discussion cites figures and names around these potential IPOs, including SpaceX, OpenAI, Anthropic, Databricks, Canva, and investors like Peter Thiel, Founders Fund, Khosla Ventures, Alphabet, and EY.