SlatesStone Wealth chief market strategist Kenny Polcari discusses the drivers contributing to the market rally and the impact of artificial intelligence on the economy during an appearance on 'Varney & Co.'
Artificial Intelligence (AI) giant Anthropic said on Monday it has privately filed its initial public offering in the US, as the AI heavyweight looks set to beat OpenAI to the IPO market.
The much-anticipated IPO comes as Elon Musk's SpaceX is expected to launch its road show on June 4, where the rocket and satellite maker may be aiming to raise about $75 billion at a valuation of $1.75 trillion.
Wall Street is betting 2026 could be a breakout year for the US IPO market, supported by a strong pipeline of high-profile private companies and pent-up demand for new listings.
Goldman Sachs predicted earlier this year that revenue from US IPOs could reach $160 billion by 2026, if marquee names start appearing this year.
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Here's a rundown of some of the biggest IPOs expected in 2026:
Anthropic
Anthropic, led by CEO Dario Amodei (right), announced that it has submitted a confidential IPO file with financial regulators. (Samyukta Lakshmi/Bloomberg via Getty Images)
AI heavyweight Anthropic has revealed that it has privately filed its first US public offering, setting the stage for what could be Wall Street's AI frenzy.
Anthropic, which operates AI chatbot Claude, last raised $65 billion at a post-funding valuation of $965 billion in late May, putting it ahead of rival OpenAI.
The company said in a post on its website that the move “gives us an opportunity to go public after the SEC has completed its review. The proposed initial public offering will depend on market conditions and other factors.”
Anthropic added that it has not yet set the number of shares to be offered and the share price.
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SpaceX
Elon Musk's SpaceX is pursuing an IPO this year. (Photo by Michael Gonzalez/Getty Images)
Elon Musk's SpaceX went public with its much-anticipated initial public offering in the US last month, bringing the company closer to what could be the biggest stock market IPO ever.
SpaceX has accelerated its IPO timeline, with a roadshow launch planned for June 4 and a stock sale as early as June 11, Reuters reported last week, citing people familiar with the matter.
In February, SpaceX acquired Musk's xAI artificial intelligence in a record deal, combining his AI and space ambitions by merging the company with the maker of the Grok chatbot.
If SpaceX raises $75 billion, it could be the world's largest IPO, surpassing the 2019 listing of oil giant Saudi Aramco.
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OpenAI
OpenAI, led by CEO Sam Altman, plans to go public as soon as this fall. (Tomohiro Ohsumi/Getty Images)
ChatGPT maker OpenAI is preparing to file for a private initial public offering in the US and is aiming for an immediate IPO, Reuters reported last month, citing a source familiar with the matter.
OpenAI aims to go public in September and is working with Goldman Sachs and Morgan Stanley on an IPO prospectus it plans to file with regulators soon, Reuters reported at the time.
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The company led by Sam Altman was laying the groundwork to go public in an offering that could cost as much as $1 trillion, Reuters reported in October.
Reuters contributed to this report.
