Three AI IPOs — Anthropic, OpenAI, SpaceX — are set to exceed 25 years of US VC-backed exits combined

TechCrunch·high signal

TechCrunch's analysis argues the three pending listings will generate more value than every US venture-backed exit since 2000 put together. The framing matters more than the arithmetic: it means the AI capital cycle is not a sector rotation but a re-pricing of what venture returns look like, and it lands the same week as a renewed debate over whether AI can justify roughly $3 trillion in projected capex.