SpaceX, Anthropic, OpenAI Could Top $4 Trillion Combined Valuation in Potential IPOs

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According to the National Venture Capital Association (NVCA) and PitchBook, SpaceX, Anthropic, and OpenAI's combined valuation could exceed $4 trillion if all three companies go public, potentially surpassing the total value of all U.S. venture capital-backed exits since 2000. SpaceX alone is valued at approximately $1.77 trillion, while Anthropic and OpenAI are advancing toward multi-trillion-dollar valuations. For context, total U.S. IPO fundraising last year was about $70 billion, underscoring the unprecedented scale of these three potential listings and the challenges they may pose to U.S. capital markets' absorption capacity.
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