June 11 - Elon Musk’s SpaceX raised $75 billion in its blockbuster initial public offering on Thursday, making it the largest IPO ever and overtaking Saudi Aramco’s 2019 listing by a wide margin. The company, known for rockets and satellite networks, is due to start trading on the Nasdaq on Friday. Market participants expect this sale to clear the way for additional large-scale public offerings.
A potential IPO domino effect
SpaceX’s record haul is widely viewed as a catalyst for other highly valued private companies considering public listings. In recent weeks, several high-profile startups have signaled intentions or taken procedural steps toward listing on U.S. exchanges. Two of the most prominent are OpenAI, the developer of the ChatGPT conversational AI, and Anthropic, an AI developer behind the Claude chatbot.
OpenAI
OpenAI has confidentially filed for a U.S. initial public offering and publicly stated that it has not yet fixed a timetable for a listing. In its statement the company said, "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company." The filing gives OpenAI the option to go public sooner if that proves advantageous. Separately, OpenAI is reported to be aiming to go public as early as September and has explored an offering that could value the company at up to $1 trillion. In May, the Sam Altman-led company successfully fended off an existential court challenge from Elon Musk, a development noted as simplifying OpenAI’s path to a potential market debut.
Anthropic
Anthropic also confidentially filed for a U.S. IPO earlier this month. The company, which operates the Claude chatbot, completed a late-May funding round that raised $65 billion at a post-money valuation of $965 billion, placing it ahead of OpenAI by that measure. Market observers say an Anthropic listing could be among the most consequential debuts in years, with the potential to reshape benchmark indexes, investor flows and the broader narrative driving U.S. equities.
What this means for markets and industry sectors
The SpaceX offering directly affects capital markets by expanding the universe of extremely large public listings, and it has implications across several sectors. Aerospace and satellite services see a direct impact from SpaceX’s public profile and capital base expansion. The technology sector, particularly companies exposed to artificial intelligence, stands to be influenced as OpenAI and Anthropic move closer to potential listings. Broader market mechanics - including index composition and investor allocation patterns - may also be affected if multiple mega IPOs follow.
Promotional note present in original reporting
The original material included an investor-focused promotional segment asking whether an investor should place $2,000 into SPCX and describing a service called ProPicks AI that evaluates SPCX alongside many companies using more than 100 financial metrics. That segment positions the AI-driven product as assessing fundamentals, momentum and valuation without bias, and references prior winners as examples. The promotional content asks readers whether SPCX appears in current ProPicks AI strategies or whether better opportunities exist in the same sector.