The combined projected valuation of SpaceX, Anthropic, and OpenAI has reached $5,2 trillion. This figure exceeds the total first-day market value of all 3,365 US technology IPOs conducted between 1980 and 2025, which amounted to approximately $4,1 trillion.
SpaceX entered the Nasdaq in June 2026 with a valuation of approximately $2 trillion, raising $75 billion. This event marked the largest IPO in history by proceeds. The data regarding these market comparisons was compiled by economist Steve Rattner and professor Jay Ritter.
Anthropic secured $65 billion in a funding round in May 2026, reaching a valuation of $965 billion. The company has filed for an IPO with a target valuation exceeding $2 trillion. Meanwhile, OpenAI raised $122 billion in March 2026 at a valuation of $852 billion.
OpenAI is currently discussing a public offering with a target valuation near $1,2 trillion, though the timeline has reportedly shifted to 2027. The company projects a net loss of approximately $14 billion for the year 2026.
