Wall Street Braces for Trillion-Dollar AI IPO Stampede

Wall Street is preparing for a wave of massive AI-related IPOs in 2026, with OpenAI, SpaceX, and Anthropic all targeting near-term listings that could raise nearly $200 billion combined. The latest developments build on OpenAI's earlier $122 billion private fundraising and $850 billion-plus valuation, now expanding to include SpaceX's ambitious $1.75 trillion target and Anthropic's rapid revenue growth to a $30 billion run-rate. While OpenAI faces steep projected losses and cash burn through 2029, the sequence of these offerings is expected to test investor appetite for high-growth AI assets and influence broader market liquidity across indices.