SpaceX, OpenAI, and Anthropic IPOs Could Form $3 Trillion Wave — Bank of America Warns of Bull Run Peak
CNBC·high signal
SpaceX filed confidentially with the SEC on April 1 targeting a $1.75-2T valuation with roadshow set for June 8. Anthropic is in talks at a $900B valuation. Bank of America suggests these mega-IPOs — along with OpenAI — could mark the end of the current bull run, with the three companies potentially draining 2026 AI IPO demand. The Anthropic-SpaceX compute deal strategically positions both companies ahead of their listings, with AI infrastructure as a disclosed SpaceX revenue line.