Elon Musk speaks with guests at a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.Brandon Bell/Getty Images
Private technology firms spearheaded by prominent executives like Elon Musk and Sam Altman are anticipated to debut on public exchanges in the forthcoming months, offering investors the prospect of acquiring stakes in enterprises valued potentially in the trillions.
SpaceX, OpenAI, and Anthropic – each boasting an artificial intelligence chatbot with a substantial user base – are poised for significant initial public offerings (IPOs).
These IPOs present an avenue for securing new capital as the companies navigate increasing expenditures on sophisticated microchips and energy-intensive data centers. Nevertheless, the firms will face heightened scrutiny from public shareholders and regulatory bodies, which could provoke further opposition.
“This has evolved into a race to access public markets,” stated Dan Ives, a managing director of equity research at the investment firm Wedbush, in a client memo shared with ABC News, characterizing the surge in listings as an “opening of the floodgates.”
Here’s what you need to know about the tech IPOs.
Anthropic
Anthropic, the creator of the chatbot Claude, submitted a confidential filing for an IPO on Monday, signaling its intention for a public debut, according to the company.
This filing follows Anthropic’s recent announcement of a valuation reaching $965 billion, stemming from a recent funding round. The company has indicated that it has not yet determined the number of shares or the pricing for a potential offering.
Earlier this year, Anthropic’s release of new plugins for Claude Cowork, an AI-powered professional assistant capable of drafting documents and organizing files, contributed to a downturn in certain software stocks. These plugins enable clients to tailor the tool for specific sectors such as legal, finance, or data marketing.
In April, Anthropic decided against releasing its most recent model, Mythos, citing concerns that the tool could be exploited to circumvent internet-wide cybersecurity defenses. A preliminary version of the model has since been made available to 150 organizations.
Anthropic CEO Dario Amodei indicated last year that artificial intelligence could potentially reduce U.S. entry-level positions by half by the year 2030.
SpaceX
SpaceX, the aerospace and satellite firm directed by Elon Musk, is aiming for a valuation of $1.75 trillion, which would position it as the ninth-largest entity globally based on market capitalization.
Established in 2002, SpaceX is engaged in the design and operation of spacecraft, including a multitude of satellites deployed to support its Starlink satellite internet service.
In February, the Texas-based company integrated with xAI, an artificial intelligence venture also led by Musk, which offers the Grok chatbot. SpaceX highlighted this merger as a crucial step in its strategy to deploy a network of “orbital data centers,” which are satellites engineered to provide computing power akin to their terrestrial counterparts.
The company’s revenue experienced a significant increase, reaching $18.7 billion in 2025, a surge of 33% from the preceding year, according to financial disclosures. Starlink accounted for nearly a quarter of this revenue, boasting millions of subscribers. However, SpaceX did not achieve profitability, recording a deficit of $4.9 billion last year.
Anthropic CEO Dario Amodei looks on after a meeting with French President Emmanuel Macron during the AI Impact Summit in New Delhi on February 19, 2026.Ludovic Marin/AFP via Getty Images
On Monday, Morningstar analysts Nicolas Owens and Suryansh Sharma commended SpaceX’s advancements in launch and satellite technology, emphasizing “prodigious cost advantages achieved through continued research and development.”
Despite this, the analysts expressed reservations regarding the company’s other initiatives, such as the orbital data centers.
These aspirations are “possible given the firm’s unique advantages, but their viability, timelines, and financial outcomes remain highly uncertain,” Owens and Sharma noted in a blog post.
OpenAI
OpenAI, the developer of ChatGPT, is anticipated to submit its IPO application in the coming weeks, as reported by Bloomberg last month.
ChatGPT achieved a record for the most rapid user base expansion following its debut in 2022, reaching 100 million users within two months. The company has introduced a series of enhancements to its flagship product, including a personal finance feature as recently as this month.
As of March, the app’s user base had surged to 900 million weekly active users, according to OpenAI.
However, the company projects a loss of $14 billion in 2026 due to expenditures on energy and microchips essential for its technology, among other costs, as reported by The Information in January.
Last year, OpenAI CEO Sam Altman conveyed mixed sentiments regarding a potential IPO.
Altman appeared hesitant about a shift in his responsibilities at the company. “Am I excited to be a public company CEO? 0%,” Altman remarked on the “Big Technology Podcast,” while acknowledging the prospect of raising additional capital.
“I do think it’s cool that public markets get to participate in value creation,” Altman further commented.
Sourse: abcnews.go.com