Dan Ives of Wedbush Securities said the artificial intelligence trade is reviving as high-profile companies prepare for public offerings this year [1].
This shift suggests a second wave of AI adoption. If the largest private AI firms enter the public market, it could trigger a massive reallocation of capital across the technology sector.
Speaking on Bloomberg’s “The Asia Trade” program on June 3, Ives said the potential for OpenAI, Anthropic, and SpaceX to launch initial public offerings [1]. He said that the AI revolution remains in its early stages, with only 10% to 15% of the total potential of the technology currently realized [2].
Investment in the sector is expected to scale rapidly. Projected AI-related spending is anticipated to reach $4 trillion [2]. This growth is driving a rally in AI stocks as the market anticipates the transition of private giants into public entities.
SpaceX has already taken steps toward a public listing. The company confidentially filed for an IPO in April 2026 [3]. While some reports indicated a prospectus could have been released as early as mid-May, other analysis suggests the IPO is expected later in 2026 [3, 4].
Anthropic is also moving toward the public market through a confidential filing [5]. The arrival of these companies would provide investors with direct access to the foundational models, and infrastructure driving the current tech cycle.
Ives said the combination of these IPOs and the broader market rally indicates a strong trajectory for the sector. The influx of new public options for AI-driven companies may increase volatility, but also offer significant growth opportunities for institutional and retail investors [1, 4].
“Only 10% to 15% of AI’s total potential has been realized”
The potential transition of SpaceX, Anthropic, and OpenAI from private to public companies marks a critical inflection point for the AI economy. By moving from venture capital funding to public equity, these firms will face greater transparency requirements and quarterly scrutiny, while simultaneously providing a benchmark for the valuation of the entire AI industry.
