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Night and day in the Milky Way of IPOs

Chew Sutat
Chew Sutat • 10 min read
Night and day in the Milky Way of IPOs
Elon Musk, selling grand visions of data centres in space, is reportedly aiming to raise some US$75 billion to give SpaceX a valuation of up to US$2 trillion. Photo: Bloomberg
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The IPO stars of 2026 are rapidly lining up as the universe aligns to conjure the holy triumvirate of our AI future in US markets.

Officially filed on May 20, Elon Musk’s SpaceX is set to kick off its roadshow on June 8 and begin trading on June 11. And after the traditional summer break, the IPOs of OpenAI and Anthropic could follow.

The IPO of SpaceX, likely the largest ever, with a valuation of up to US$2 trillion ($2.6 trillion), is backed by grand pronouncements that stretch most imaginations. “We believe we are still in the early days of AI transforming enterprises, with AI-powered enterprise applications poised to shape the digital economy,” reads the company’s filing.

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