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China has pulled Unitree Robotics from its accelerated IPO approval process, though the robotics company can still pursue a public listing through standard channels.
SpaceX, OpenAI and Anthropic are reportedly preparing potential IPOs as early as 2026, with combined valuations that could exceed $1.5 trillion and capital raises in the tens of billions of dollars. Even one listing could surpass the entire 2025 US IPO market.
The world's biggest private tech companies are sitting on a combined $3.6 trillion in estimated value, with SpaceX and OpenAI dominating the list of potential public offerings that could reshape markets.
OpenAI is preparing for a potential IPO that could value the AI giant at $1 trillion, making it one of the biggest public offerings ever.
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