Here's What SpaceX's Record Stock Market Debut Can Tell Us About OpenAI and Anthropic's Planned IPOs

1 hour ago 1

Adam Spatacco, The Motley Fool

Thu, June 18, 2026 astatine 7:35 AM CDT 5 min read

Last Friday, Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) made its historical introduction into the nationalist markets. As the largest archetypal nationalist offering (IPO) successful history, SpaceX's debut provided a wide awesome astir however investors are prepared to worth transformative companies successful the existent market.

From the standard of the offering, the spot of capitalist demand, and the contiguous post-listing performance, abundant superior is seeking vulnerability to the companies that are redefining full industries alternatively than simply competing wrong established incumbents.

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This precedent whitethorn transportation nonstop implications for OpenAI and Anthropic, 2 artificial quality (AI) developers that person precocious filed confidential S-1s with the Securities and Exchange Commission (SEC), a filing companies marque erstwhile they program to spell public.

Looking astatine the standard and momentum of SpaceX's IPO

SpaceX priced its shares astatine $135, raising a grounds $85.7 cardinal successful what became the largest IPO of each time. The banal opened connected the Nasdaq astatine astir $150 and gained 17% connected its archetypal trading time -- concisely pushing the company's marketplace capitalization supra $2.1 trillion.

This result reflected an bonzer level of oversubscription during the book-building process. Moreover, it besides demonstrates that maturation investors are consenting to wage a premium for entree to a concern whose ecosystem spans reusable rocketry, planetary outer broadband, and integrated artificial quality (AI) infrastructure.

So far, the modulation from backstage to nationalist ownership has not produced the emblematic post-IPO digestion oregon sell-off volatility often seen with ample exertion listings. Instead, SpaceX shares person exhibited sustained upward momentum -- underscoring genuine condemnation alternatively than speculative froth.

SpaceX's valuation was $800 cardinal successful December aft the institution completed a secondary stock acquisition from insiders. Moreover, conscionable days earlier SpaceX deed the nationalist exchanges, the company's valuation soared to $1.5 trillion based connected trading information from backstage marketplace platform, Forge Global.

SpaceX's further valuation enlargement successful marketplace headdress to much than $2.5 trillion suggests that nationalist marketplace investors are prepared to enactment -- and transcend -- the levels antecedently established successful backstage transactions.

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