SpaceX, Anthropic, and OpenAI now valued at $5.2T, more than every US tech IPO of the past 45 years combined
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SpaceX official logo (public domain, Wikimedia Commons) - CryptoBriefing brand treatment Three companies are worth more than 3,365 tech IPOs stretching back to 1980, and the math says a lot about where capital is flowing Share Three companies. $5.2 trillion. That's the combined projected valuation of SpaceX, Anthropic, and OpenAI, a number that eclipses the total first-day market value of every single US tech IPO from 1980 through 2025. All 3,365 of them topped out at roughly $4.1 trillion. The data comes from a report by economist Steve Rattner and University of Florida professor Jay Ritter. SpaceX set the tone in June 2026 when it debuted on Nasdaq at an approximate $2 trillion valuation, raising around $75 billion in what became the largest IPO in history by proceeds. Anthropic closed a $65 billion funding round in May 2026, which valued it at $965 billion. It has since confidentially filed for an IPO that could target a valuation upwards of $2 trillion. OpenAI raised $122 billion in March 2026 at a valuation of $852 billion. Discussions about its own public offering suggest a target near $1.2 trillion, though the company has reportedly pushed its IPO timeline to 2027. OpenAI anticipates a net loss of approximately $14 billion for 2026. Daily. Free. Join 34,000+ readers across crypto, finance, and policy. We respect your privacy. Unsubscribe anytime. Add up the target...
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