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Anthropic, SpaceX Could Drive $135B+ IPO Boom

Anthropic and SpaceX near massive 2026 IPOs, sparking market supply concerns.

  • Anthropic has tripled its annualized revenue to over $30 billion as it moves toward a potential 2026 IPO, aiming to raise $60 billion.
  • SpaceX is planning an IPO roadshow and retail investor event in June, targeting a massive $75 billion raise next year.
  • Retail investors can already gain exposure to these pre-IPO giants through funds like ARK Innovation (ARKK) and Destiny Tech100 (DXYZ).
  • CNBC’s Jim Cramer expressed concern about market ‘excess supply’ if the Anthropic, OpenAI, and SpaceX IPOs are not spaced out.

The potential 2026 simultaneous listings of AI leader Anthropic and rocket pioneer SpaceX could create an unprecedented wave of capital, with the two reportedly planning to raise around $60 billion and $75 billion, respectively, according to reports. Consequently, investor enthusiasm is soaring as these two tech titans move aggressively toward the public markets.

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Anthropic revealed its annualized revenue has surged past $30 billion, more than tripling from last year and overtaking rival OpenAI. The company now serves over 1,000 customers, each paying upwards of $1 million annually, marking key growth milestones.

Meanwhile, Elon Musk-owned SpaceX reportedly engaged with bankers and discussed Hosting its IPO roadshow and a major retail investor event in June, Reuters reported. These developments underscore a rapid push for listings, drawing closer scrutiny from market analysts.

Retail investors are already gaining exposure to these pre-IPO names through funds such as ARK Innovation (ARKK) and Destiny Tech100 (DXYZ). However, some analysts worry the sheer scale of these offerings could distort the market.

“I am very worried about the amount of supply stemming from SpaceX, OpenAI and Anthropic,” CNBC’s Jim Cramer said in an X post. He argued the listings should be spaced out to prevent market strain.

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Anthropic discussed its revenue milestone alongside announcing a major deal with Google and Broadcom. Broadcom will develop and supply custom AI chips for Google and additional computing capacity for Anthropic, as detailed in the strategic partnership expansion.

This revenue effectively surpasses OpenAI, which reportedly had an annualized rate of $25 billion in February. Consequently, the stage is set for 2026 to be a landmark year for high-stakes tech IPOs.

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