SpaceX has officially filed for an IPO on the Nasdaq, while OpenAI is anticipated to file confidentially soon, with traders predicting a 92% chance of its IPO this year. Both companies, along with Anthropic, are expected to debut at valuations above $1 trillion, which would challenge established giants like Berkshire Hathaway, currently valued at $1.03 trillion.
SpaceX was valued at $1.25 trillion in February, and traders estimate a 56% chance it will close its first trading day above $2.2 trillion. OpenAI's last valuation was $852 billion, with a 65% chance of exceeding $1.4 trillion on its debut. Anthropic, valued at $900 billion, has a 47% chance of closing above $1.8 trillion.
Despite their high valuations, both SpaceX and OpenAI are currently unprofitable, raising concerns about market absorption capacity for these IPOs. However, Deutsche Bank analyst Adrian Cox noted that the overall U.S. stock market, valued at approximately $70 trillion, is significantly larger than during the dot-com bubble, suggesting that the market could accommodate these high-profile IPOs