SpaceX filed paperwork with the U.S. Securities and Exchange Commission in early April 2026 to prepare for an initial public offering [4].
These potential listings represent a massive shift in capital markets, as investors seek to capitalize on the booming artificial intelligence sector and private space exploration. The entry of these firms into the public market could redefine the scale of corporate valuations in the U.S.
SpaceX is positioning itself for what may be the largest IPO in history [1]. Current valuation estimates place the aerospace company at 1.75 trillion USD [2]. This move follows a period of rapid expansion and dominance in satellite deployment and launch services.
Alongside SpaceX, AI leaders OpenAI and Anthropic are also being discussed as candidates for public offerings [1]. Investors view these firms as potentially worth over a trillion dollars each [5], though specific estimates vary. OpenAI is valued at 1.0 trillion USD [2], while Anthropic is estimated at 380 billion USD [2].
Despite these staggering valuations, analysts note a significant risk: none of the three companies have reported profits yet [2]. The high valuations are driven by growth potential and market dominance rather than current earnings. The Norwegian sovereign wealth fund has already identified these three companies as major targets for its investment strategy [3].
Daniel Ouellet of Radio-Canada Info highlighted the sheer scale of these companies compared to existing markets. "These three stocks are the weight of the entire Canadian stock market," Ouellet said.
The timing of these filings suggests a coordinated push to raise capital for the next phase of AI development and interplanetary infrastructure [5]. While SpaceX has officially initiated the process with the SEC, the timelines for OpenAI and Anthropic remain less certain.
“SpaceX is positioning itself for what may be the largest IPO in history”
The transition of these 'decacorns' to public markets signals a maturity phase for the AI and private space industries. If these valuations hold during the IPO process, it will demonstrate that investors are willing to prioritize long-term technological dominance over immediate profitability, potentially creating a new benchmark for how high-growth tech companies are valued on public exchanges.
