<p><a href="https://yellow.com/news/spacex-ipo-4400-employees-millionaires" rel="noopener noreferrer nofollow"><strong>SpaceX</strong> completed a record stock market debut</a> this week, leaving investors to weigh whether artificial intelligence labs <strong>OpenAI</strong> and <strong>Anthropic</strong> can outshine it once they list.</p>
<h2 id="key-points">Key Points:</h2>
<blockquote>
 <ul>
  <li>SpaceX priced its IPO at $135 a share, valuing the rocket maker near $1.77 trillion.</li>
  <li>OpenAI and Anthropic have filed confidential drafts but set no dates, tickers or prices.</li>
  <li>The three offerings could pull roughly $200 billion from public markets in 2026.</li>
 </ul>
</blockquote>
<h2 id="spacex-sets-1-77-trillion-mark">SpaceX Sets $1.77 Trillion Mark</h2>
<p>SpaceX <a href="https://beincrypto.com/learn/top-ai-ipos/" rel="noopener noreferrer nofollow">priced</a> its offering at a fixed $135 a share for 555.6 million shares, according to market reports, and began trading on the Nasdaq under the ticker SPCX. The roughly $75 billion raise values the company near $1.77 trillion, well above the $780 billion that some analysts had called fair. That figure ranks as the largest U.S. listing on record.</p>
<p>OpenAI and Anthropic took the opposite path on disclosure, each <a href="https://news.northeastern.edu/2026/06/08/anthropic-openai-spacex-ipo-race/" rel="noopener noreferrer nofollow">submitting</a> a confidential draft registration in early June that signals intent without locking in a date, ticker or price. Anthropic announced its draft on Jun. 1, days after closing a $65 billion round at a $965 billion valuation, with OpenAI following a week later.</p>
<p><strong>Also Read:</strong><a href="https://yellow.com/news/jeff-bezos-ai-prometheus-jobs" rel="noopener noreferrer nofollow">Jeff Bezos Says AI May Not Kill Jobs As Prometheus Raises $12B</a></p>
<h2 id="pure-play-ai-lures-demand">Pure-Play AI Lures Demand</h2>
<p>The case for the labs <a href="https://www.wsj.com/video/can-upcoming-ipos-from-openai-and-anthropic-outshine-spacex/D4F7FD69-1975-4AE0-9B96-E5290669C0ED" rel="noopener noreferrer nofollow">rests</a> on what investors cannot yet buy.</p>
<p>For years, money managers reached AI through proxies like chipmakers and cloud platforms, and a direct stake in a frontier lab would <a href="https://www.indmoney.com/blog/us-stocks/spacex-openai-anthropic-ipo-explained" rel="noopener noreferrer nofollow">unlock</a> demand from the roughly $8 trillion parked in U.S. money market funds. Anthropic reported a $47 billion revenue run rate in May, while OpenAI carried an $852 billion valuation after closing a $122 billion funding round in March.</p>
<p>Supporters argue these are real businesses, not hollow promises, since subscriptions and enterprise contracts already produce steady cash. Revenue, not promise, is the difference.</p>
<h2 id="supply-raises-red-flags">Supply Raises Red Flags</h2>
<p>Skeptics see a flood of stock rather than a windfall. <strong>Capital Economics</strong><a href="https://coincentral.com/why-the-spacex-anthropic-and-openai-ipos-are-being-watched-as-a-stock-market-warning-sign/" rel="noopener noreferrer nofollow">estimates</a> that wider free floats could push about $750 billion in fresh equity onto the market, and it found that issuance surges have tracked the late stages of past booms. Only 4% to 5% trades at launch, capping early index weight.</p>
<p>Commentators have also cautioned](https://www.bloomberg.com/opinion/articles/2026-06-12/spacex-anthropic-openai-ipos-are-a-red-flag-for-stock-market-s-future) that absorbing three giant listings in quick succession is rare for any market. SpaceX adds a wrinkle, since it ranks as AI-adjacent rather than a pure lab, with rockets, satellites and Starlink driving most of its $18.7 billion in 2025 revenue and artificial intelligence arriving only through its <strong>xAI</strong> purchase.</p>
<p>Recent history shows how strong the pull has been. <strong>Cerebras</strong>, an AI chipmaker, opened about 89% above its offer price in its May debut. That reception set the tone for the listings now lined up behind it, in what could become a record year for U.S. IPOs, with the three deals alone capable of drawing about $200 billion.</p>
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OpenAI And Anthropic Could Turn SpaceX’s Record IPO Into The Warm-Up

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