Chart Of the Week – Upcoming Tech IPOs: How They Stack Up

This chart lines up the anticipated valuations of SpaceX, Anthropic, and OpenAI next to today's largest public technology companies. SpaceX slots in just below the established giants and ahead of names like Tesla, a striking spot for a company that has never traded publicly. Anthropic is close behind. It filed confidentially on June 1 after a funding round that lifted its valuation to roughly $965 billion, and bankers see a debut near the trillion-dollar mark. OpenAI, valued around $850 billion in private markets, is laying groundwork for a listing as soon as late 2026 and could raise at least $60 billion. Taken together, the three offerings could draw close to $200 billion from public markets, more than the entire US IPO market raised in some recent years.