In 2019, Saudi Aramco set a once-in-a-generation record by achieving the largest initial public offering (IPO) in history, valued at $1.7 trillion. For the past five years, that milestone has stood unchallenged. But 2026 may bring not just one but three contenders to the IPO podium?
According to recent reports, SpaceX, OpenAI, and Anthropic are preparing simultaneous public listings that could collectively rival or exceed the capital raised
by the entire US IPO market in 2025, and the numbers are staggering.