{"slug": "anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits", "title": "Anthropic, OpenAI, and SpaceX are set to rewrite the history books on VC exits", "summary": "Anthropic, OpenAI, and SpaceX are poised to launch IPOs that could collectively surpass the total exit value of every US venture-backed IPO since 2000, according to PitchBook. SpaceX alone targets a $75 billion raise at a $1.77 trillion valuation, while Anthropic and OpenAI are valued at $965 billion and $852 billion respectively. The listings, expected in 2026, would mark the largest IPO cycle in history, though market conditions and regulatory reviews pose risks.", "body_md": "# Anthropic, OpenAI, and SpaceX are set to rewrite the history books on VC exits\n\nThree companies could collectively surpass 25 years of US venture-backed IPO value in a single listing cycle\n\nThere are big IPOs, and then there is whatever is about to happen in 2026. According to PitchBook analysis, the anticipated public listings of OpenAI, Anthropic, and SpaceX could collectively produce an exit value that exceeds the total from every US venture-backed IPO since 2000. Not a particularly good year. Not a record quarter. All of them, combined, across 25 years.\n\nSpaceX alone is reportedly targeting a raise of $75 billion through the offering of 555.6 million shares priced at $135 each. The implied valuation sits at approximately $1.77 trillion, a figure that would make it the largest IPO in recorded history.\n\n## The numbers are almost unreasonably large\n\nAnthropic, founded in 2021 by former OpenAI employees with a core focus on AI safety, is currently valued at around $965 billion following a recent $65 billion funding round. OpenAI, the company that effectively sparked the current AI supercycle, carries a private valuation of approximately $852 billion. Both have reportedly made confidential filings with the SEC within the last 30 to 60 days.\n\nTo understand what this means for venture capital, consider the prior benchmark. The record year for US VC-backed IPO proceeds was 2021, when 198 deals generated $62.1 billion in total. A single SpaceX listing is anticipated to rival or surpass that entire figure on its own.\n\n## Why this matters beyond Silicon Valley\n\nOpenAI’s corporate structure adds another layer of complexity. The company has been transitioning from its original nonprofit configuration toward a for-profit entity, with Microsoft as a significant backer. That restructuring has been ongoing and carries legal and governance implications that could affect how the eventual IPO is priced and received by public market investors.\n\nAnthropic’s positioning is somewhat different. Its emphasis on AI safety has attracted a distinct cohort of institutional backers, and its valuation trajectory has been steep even by the standards of this cycle. A near-trillion-dollar valuation for a company founded in 2021 reflects the degree to which the market is pricing in long-duration dominance, not near-term revenue multiples.\n\n## What investors should be watching\n\nThe IPO window is never guaranteed. Market conditions shift, regulatory reviews extend timelines, and companies that file confidentially do not always emerge on the other side with a completed offering. The confidential filing stage is the beginning of the process, not the end, and pricing a company at $1.77 trillion requires a level of institutional demand that has not been tested in the public markets before.\n\nIf SpaceX prices and trades well, it becomes a confidence signal for OpenAI and Anthropic to follow. If the first mover stumbles, the queue gets complicated. The sequencing of these listings matters as much as the individual fundamentals of each company.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits", "canonical_source": "https://cryptobriefing.com/anthropic-openai-spacex-vc-exits-ipo-2026/", "published_at": "2026-07-09 15:28:43+00:00", "updated_at": "2026-07-09 15:53:34.178529+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-startups", "ai-policy", "ai-infrastructure"], "entities": ["Anthropic", "OpenAI", "SpaceX", "PitchBook", "Microsoft", "SEC"], "alternates": {"html": "https://wpnews.pro/news/anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits", "markdown": "https://wpnews.pro/news/anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits.md", "text": "https://wpnews.pro/news/anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits.txt", "jsonld": "https://wpnews.pro/news/anthropic-openai-and-spacex-are-set-to-rewrite-the-history-books-on-vc-exits.jsonld"}}