What happened
SpaceX, OpenAI, and Anthropic are reportedly preparing for initial public offerings (IPOs). SpaceX targets a 2026 IPO, aiming for a valuation up to $1.5 trillion and seeking over $25 billion to fund space-based data centre development. OpenAI and Anthropic are considering IPOs for 2027, each projecting 2026 revenues of at least $20 billion. This collective action signals a potential revival of the US IPO market for high-valuation technology firms.
Why it matters
The impending IPOs of these high-valuation technology firms introduce a new market constraint for procurement and financial planning teams. The reported risks of high fees and limited liquidity in associated investment vehicles increase exposure to market volatility and reduce control over predictable financial outcomes when engaging with or investing in these entities. This raises due diligence requirements for evaluating long-term vendor stability, partnership viability, and the financial health of critical technology providers within this rapidly evolving sector.
Subscribe for Weekly Updates
Stay ahead with our weekly AI and tech briefings, delivered every Tuesday.
