SpaceX, OpenAI and Anthropic are moving toward listings months apart, setting up a mega IPO rush with a combined valuation of about $2.9 trillion. SpaceX is seen as moving first, with a possible June target. Analysts warn that if the three list around the same time, the IPO market could face a supply shock requiring hundreds of billions of dollars in funding absorption in a single quarter. Valuations and losses are key variables.

Market attention is focusing on the prospect of a SpaceX initial public offering after reports it filed an S-1 registration statement confidentially with the U.S. SEC. Cryptopolitan, citing Bloomberg, reported the company is targeting a mid-2026 listing and a valuation of at least $1.75 trillion, with fundraising of more than $75 billion also being discussed. A survey showed 31.1 percent would buy immediately, while others cited valuation and xAI-related financial risks.