Mega-IPOs could signal market top, say analysts as SpaceX and OpenAI prep record floats
Summary
SpaceX, OpenAI and Anthropic have announced plans to go public later this year, with SpaceX targeting a $1.75 trillion valuation that could make it the largest IPO ever. Analysts warn the wave of mega-IPOs could signal a market top, drawing parallels to the late-1990s dot-com boom. All three firms have yet to generate sustained profits, and SpaceX's S-1 highlights substantial recent losses and heavy future capital expenditure needs. Market strategists and banks caution that opaque business models and limited transparency could lead public investors to reassess valuations once full financials are disclosed.
Funding
Amount
$1,750.0B
Total raised
Date
June 12, 2026
Announcement date
Investors
Deutsche Bank, NVIDIA
Lead investors
Company
spacex.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
AI Software
SaaS
Developer Tools
