Following the SpaceX IPO in June 2026, which allocated 30% of shares to retail investors, individual investors are seeking pre-IPO access to Anthropic and OpenAI. Both companies have filed IPO paperwork, prompting a surge in demand on specialized platforms like Access IPOs, which reported a 30% increase in their user base.
Anthropic filed its S-1 form on June 1, 2026, targeting a NASDAQ listing by November. The company reports an annual revenue run-rate exceeding $100 billion, with a recent funding round of $65 billion bringing its private valuation to approximately $965 billion. Market discussions suggest a potential valuation of $2 trillion.
OpenAI filed its IPO paperwork on June 8, 2026, but has delayed its public debut until 2027. This delay creates liquidity risks for investors who purchased secondary shares expecting a 2026 exit. Investors are currently using brokerages, fund vehicles like AngelList’s USVC, and specialized platforms to gain exposure.
Anthropic has warned investors against trading its shares on unauthorized platforms, specifically naming Forge Global and Hiive. The company has stated it will invalidate transfers made outside of officially sanctioned sales, potentially rendering shares bought through these channels worthless upon the company's public listing.
