Particle Data Platform
The Journal.

The Great IPO Frenzy of 2026

6/15/202619 min

2026 is set to be a monster year for tech IPOs. SpaceX hit the market with a blockbuster $1.77 trillion valuation while Anthropic and OpenAI are set to go public later this year. WSJ’s investing columnist Spencer Jakab takes us inside the IPO bonanza and explores the risks potentially hiding behind all the hype. Jessica Mendoza hosts.

Further Listening:

- Is SpaceX Worth the Hype?

- Musk vs. Altman

Sign up for the Markets A.M. newsletter, The Wall Street Journal's daily investing outlook.

...

Clips

Too Big for Big Returns
AI Spend vs. World War II
Shoeshine Boy Market Warning
Index Funds Overloaded With AI
IPO Race: Winner Sets Tone

Transcript preview

First 90 seconds

  1. Jessica Mendoza· Host0:00

    [upbeat music] This year, Wall Street is going to see three of the biggest IPOs of all time. [upbeat music] SpaceX broke records on Friday.

  2. Speaker 10:15

    A huge headline today, the biggest IPO in history.

  3. Speaker 2· Soundbite0:19

    At the closing bell, SpaceX is now worth over two trillion dollars. That's with a T. More than- And Anthropic and OpenAI are both set to go public at enormous valuations later this year.

  4. Speaker 10:31

    OpenAI filing to go public about a week after its biggest competitor, Anthropic, did the same thing. Remember we- Anthropic, the AI company behind Claude, has filed to go public, setting it up to be one of the biggest initial public offerings in history.

  5. Speaker 4· Soundbite0:46

    OpenAI has filed to go public in a blockbuster IPO that could value the ChatGPT creator at more than one trillion dollars.

  6. Spencer Jakab· Guest0:53

    By some measures, this is the biggest year ever for IPOs.

  7. Jessica Mendoza· Host0:58

    Our colleague Spencer Jacob writes an investing column.

  8. Spencer Jakab· Guest1:01

    As a matter of fact, just the one for SpaceX exceeds basically all of the IPOs that happened during the year 2000, just to give you some perspective. So i- it's a lot of money being raised.

  9. Jessica Mendoza· Host1:13

    Why is it happening now? What's in the water in 2026?

  10. Spencer Jakab· Guest1:21

    Well, what's happening is that we've reached or maybe even passed peak excitement over AI. A lot of real money is being sunk into

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click "Accept All" to consent, or "Decline non-essential" to opt out of non-essential cookies. Read our Privacy Policy.