AI IPO Status Tracker
All major AI company IPOs — current status, valuation, and expected timeline. Updated weekly.
Company
Valuation
S-1 Status
IPO Target
Raise Target
Action
SpaceX + xAI
Aerospace / AI Infrastructure
$1.75T
Orbital Intelligence merged entity
🔴 Imminent
June 2026
Nasdaq, 30% retail alloc
$75B
Largest IPO ever
Track →
OpenAI
AI Foundation Model
$850B
Confirmed Mar 24, 2026 (CNBC)
🟣 IPO Prep
Q4 2026
CFO + CAO hired
TBD
$25B ARR
Track →
Anthropic
AI Safety / Foundation Model
$380B
Series G, Feb 2026
🟣 IPO Prep
Oct 2026
Wilson Sonsini hired as counsel
$60B+
Estimated raise
Track →
Databricks
AI Data Platform
$62B
Raised $5B, Feb 2026
🟢 IPO-Ready
Q4 2026–Q1 2027
IPO-ready, monitoring markets
TBD
$1.6B ARR
Track →
Nscale
AI Infrastructure / Cloud
$14.6B
Series C, 2026
🔵 Banking
2026
Goldman + JPMorgan hired
TBD
Nvidia-backed, UK-based
Track →
Deep Dives — The Three Mega IPOs
Everything you need to know about the three AI companies that will define the 2026 IPO market.
SpaceX + xAI — "Orbital Intelligence"
Aerospace · AI Infrastructure · Satellite Broadband
S-1 Filing Progress
$1.75 Trillion
Largest IPO valuation in history — surpasses Saudi Aramco
$75B
Raise target
June 2026
Target listing
30%
Retail allocation
$16B
2025 revenue
$10B+
Starlink revenue
Nasdaq
Exchange
SpaceX filed a confidential S-1 with the SEC in late March 2026 ahead of a June Nasdaq listing. The combined SpaceX + xAI entity — dubbed "Orbital Intelligence" — targets a $75B raise at $1.75T valuation, which would shatter every IPO record in history. Morgan Stanley and Goldman Sachs are lead underwriters. The 30% retail allocation is 3× the typical IPO norm, reflecting Elon Musk's stated goal of democratizing SpaceX ownership. Starlink alone generates $10B+ in revenue annually with $8B+ in profit — making it one of the most profitable satellite networks ever built.
OpenAI
AI Foundation Model · GPT · ChatGPT
$850B
$10B extension confirmed CNBC Mar 24, 2026 · $25B ARR
Q4 2026
Target window
$25B
Annual ARR
600M+
ChatGPT users
OpenAI has hired a CFO and CAO in preparation for its IPO, with CEO Sam Altman targeting Q4 2026. At $850B, OpenAI would enter the S&P 500 immediately at listing, one of only ~15 companies ever to exceed $850B market cap at debut. The company's $25B ARR makes it the fastest-growing SaaS company in history. GPT-5 (released Q1 2026) dramatically accelerated enterprise adoption.
Anthropic
AI Safety · Claude · Constitutional AI
$380B
Series G, February 2026 · $3.5B raised
Oct 2026
Target listing
$60B+
Est. raise
Wilson Sonsini
IPO counsel hired
Anthropic hired Wilson Sonsini as its IPO counsel and is in active bank selection discussions targeting an October 2026 listing. Claude 4 (Opus, released Q1 2026) has taken significant enterprise market share from OpenAI, with major deployments at Amazon, Google, and Salesforce. Amazon's $8B investment gives AWS significant distribution leverage that will be a key IPO narrative.
How to Invest Before the AI IPOs
Pre-IPO exposure is available today — no need to wait for the S-1. Here are the primary vehicles.
Destiny Tech100 (DXYZ)
NYSE: DXYZ
Closed-end fund holding stakes in 100+ private tech unicorns. Publicly traded — buy like a stock.
Holds SpaceX, OpenAI, Anthropic, Databricks
Publicly traded on NYSE — buy today
Premium to NAV — research before buying
Fundrise VCX Innovation Fund
VCX — Fundrise
Retail-accessible VC fund with direct stakes in top pre-IPO companies. Surged 2,500%+ in its first week of public trading (March 2026).
SpaceX (5%), OpenAI, Anthropic positions
$10 minimum via Fundrise platform
Monthly liquidity windows
XOVR ETF
Nasdaq: XOVR
SpaceX/xAI-focused exposure through public equity derivatives and satellite sector stocks. Liquid ETF.
xAI-correlated exposure
Traditional ETF structure — fully liquid
No accredited investor requirement
ARK Venture Fund (ARKVW)
ARKVW — ARK Invest
Cathie Wood's venture fund holds direct SpaceX and OpenAI positions alongside public biotech and tech.
SpaceX, OpenAI direct positions
$500 minimum on Robinhood/Titan
Quarterly liquidity
Forge Global / EquityZen
Secondary Markets
Buy shares directly from SpaceX, OpenAI, and Anthropic employees and early investors on secondary markets.
$10K–$50K typical minimum
Accredited investors only (most deals)
Direct ownership of shares
AngelList / Republic SPVs
SPV Syndicates
Special purpose vehicles that pool capital to invest in late-stage AI rounds. Some open to non-accredited investors.
AI sector SPVs regularly available
$1K–$10K minimums on some
High variance — research carefully
2026 IPO Market Context
Why these AI IPOs are happening now, and what the macro environment means for timing.
Why AI IPOs Are Converging in 2026
The 2024–2025 AI funding supercycle created a cohort of companies with $10B+ valuations that are now mature enough for public markets. The "window" for these companies is H2 2026 — macro stabilization from the Iran war (which closed the Strait of Hormuz in March 2026) is expected by summer, creating ideal conditions for the three mega-IPOs.
- Late-stage AI companies need liquidity for employees + early investors
- Secondary market premiums signal retail demand that public markets can absorb
- SpaceX sets the table — a successful June IPO unlocks the OpenAI + Anthropic queue
The Iran War Effect on IPO Timing
Operation Epic Fury (Feb 28, 2026) and Iran's closure of the Strait of Hormuz created the worst IPO environment since April 2025's tariff shock. The S&P 500 fell 7.4% from its January ATH; Nasdaq posted its worst week since April 2025.
- Q1 2026: 34 IPOs, $9.9B raised — well below expectations
- Defense + nuclear energy IPOs are bucking the trend (X-Energy, Shield AI)
- SpaceX is viewed as the single catalyst that can restart the pipeline regardless of macro
What a $3T AI IPO Wave Means for Retail Investors
The three AI mega-IPOs represent a once-in-a-generation wealth transfer event from private to public markets. At $1.75T, SpaceX would be the 4th largest company in the world at listing — larger than Amazon, larger than Google's parent. OpenAI at $850B would be roughly equivalent to Tesla's current market cap. Anthropic at $380B would be larger than Goldman Sachs.
The 30% retail allocation at SpaceX is unprecedented. In a typical IPO, retail investors receive 5–10% of shares. SpaceX's 3× allocation signals Musk's intent to create broad retail ownership — echoing the S&P 500's own mission of broad investor participation in the US economy's most valuable companies.
Frequently Asked Questions
The most-searched questions about AI IPOs in 2026.
Which AI companies are going public in 2026?
The major AI IPOs expected in 2026 include SpaceX (June 2026, $1.75T valuation), Anthropic (Q4 2026, $380B), OpenAI (Q4 2026, $850B), and potentially Databricks (Q4 2026–Q1 2027, $62B). Nscale has also hired Goldman Sachs and JPMorgan for IPO preparation, targeting 2026. In the energy/defense sector, X-Energy filed its S-1 on March 20, 2026, targeting a $1B raise on Nasdaq under ticker XE.
When is the OpenAI IPO date?
OpenAI is targeting a public offering in Q4 2026. The company reached an $850B valuation after a $10B funding extension confirmed by its CFO on CNBC in March 2026. With $25B in annual recurring revenue and 600M+ ChatGPT users, OpenAI has the revenue profile required for a successful public listing. CEO Sam Altman has confirmed IPO plans without providing a specific listing date.
When is the Anthropic IPO?
Anthropic is targeting an IPO in October 2026. The company hired Wilson Sonsini as its IPO counsel and is in active bank selection discussions. Anthropic raised $3.5B in its Series G in February 2026, valuing the company at $380B — the highest valuation an AI safety-focused company has ever achieved. Amazon's $8B total investment gives significant distribution leverage for the IPO narrative.
What is the combined value of AI IPOs in 2026?
The three primary AI mega-IPOs (SpaceX $1.75T + OpenAI $850B + Anthropic $380B) represent over $2.98T in combined private market valuation. When including Databricks ($62B), Nscale ($14.6B), and other AI companies expected to list in 2026, the total potential market cap entering public markets exceeds $3.3T — the single largest new-value event in stock market history.
How can I invest in AI IPOs before they go public?
Pre-IPO exposure to these AI companies is available through: (1) ETFs and closed-end funds — XOVR (SpaceX/xAI exposure), DXYZ (Destiny Tech100), ARKVW (ARK Venture Fund), VCX (Fundrise Innovation Fund); (2) Secondary markets — Forge Global and EquityZen facilitate share purchases from existing shareholders ($10K–$50K minimums, typically accredited investors only); (3) SPVs via AngelList and Republic. Pre-IPO retail access via DXYZ and VCX has no accredited investor requirement, making them the most accessible options for individual investors.
Will AI IPOs succeed in a volatile market?
Market conditions in Q1 2026 have been challenging — the Iran war (Operation Epic Fury, Feb 28, 2026) triggered the worst IPO environment since April 2025's tariff shock. However, SpaceX is widely viewed as a market-independent catalyst: investor demand for the largest IPO in history is likely to override macro conditions. If SpaceX's June 2026 listing succeeds, it's expected to unlock the OpenAI and Anthropic queue regardless of broader market conditions. Macro normalization is forecast for H2 2026 as the Iran situation stabilizes.
Related Intelligence
More research to help you track the 2026 AI IPO wave.
SPACEX
SpaceX IPO Deep Dive
$75B raise, S-1 filing tracker, how to invest via XOVR/DXYZ/ARKVW, xAI merger context.
WATCHLIST
2026 Full IPO Watchlist
Every major 2026 IPO tracked in one place — status, timeline, and pre-IPO vehicles.
PIPELINE
Full IPO Pipeline
S-1 filed, Hired Banks, Confidential Filing — the complete pre-IPO pipeline from Seed to Nasdaq.
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