The race to Wall Street is entering a decisive phase and is increasingly focusing on the two poles of the new global economy: space and artificial intelligence. According to the Wall Street Journal, the quotation of SpaceX on the Nasdaq It could arrive as early as 12nd June, with a fundraising of up to $80 billion and a valuation that, according to market estimates, could reach as high as $1.750 trillion. This debut would mark a new all-time record for global IPOs and inevitably puts the company at the center of the spotlight. Elon Musk, intended to retain approximately 85% of the voting rights even after the listing. A governance structure that, effectively, leaves control of the company firmly in its hands.
But SpaceX is not the only piece of this new season on Wall Street. Again according to the Wall Street Journal, also OpenAI is moving rapidly towards the market, with the filing of the documents for the listing expected in the next few weeks, in a context of growing competition among the most famous companies in Silicon Valley: that between Musk e Sam altman.
SpaceX nears stock market debut: strong growth but numbers still uncertain
According to rumors, the operation is now in an advanced stage of preparation and would see Goldman Sachs as the lead bank, while the possible listing ticker would be "SPCX". This element reinforces the idea of a process that is now started towards the final stage of placement structuring.
The accounts tell a story booming company, but still far from an equilibrium between growth and profitability. In 2025, SpaceX recorded approximately $18,7 billion in revenue, up 33%, but with a net loss of nearly $5 billion. In the first quarter of 2026, revenues rose to $4,69 billion, while the perdita stood at 4,28 billion.
The group's picture also highlights strong internal differentiation. Starlink It is now the main growth engine, with revenues of €11,4 billion in 2025, a 50% increase, and operating profit of €4,4 billion. It has become a central component of the group's economic structure.
More complex, however, is the situation of the division linked to artificial intelligence, which would have generated approximately $3,2 billion in revenue against an operating loss of $6,4 billion. Despite this, SpaceX considers AI a strategic area, internally defined as the largest potential market in history, with opportunities estimated at up to $28.500 trillion.
Musk vs. Altman: The AI war ends (for now) in court.
Just a few days ago a jury in the United States 130 billion compensation request rejected of dollars advanced by Musk vs. OpenAI, The court ruled that there was no liability in the company's transformation from a nonprofit to a big tech company. The court also found that the lawsuit came too late.
La judgment It represents an important step in the long battle between the two former allies, now direct rivals. Musk has announced an appeal, but the verdict strengthens OpenAI's position just as the company accelerates toward a public offering.
OpenAI nears IPO: documents expected in the coming weeks
OpenAI would be preparing the filing of documents for the listing on Wall Street within a few weeks, with a valuation that could exceed 1.000 billion dollars. According to rumors from the Wall Street Journal, the company is working with banks such as Goldman Sachs and Morgan Stanley to prepare a confidential filing, which would allow the most sensitive details of the initial documentation to be kept secret.
The goal would be to reach a listing as early as September 2026, capitalizing on investors' strong interest in the artificial intelligence sector. According to rumors, the process has been accelerated by CEO Sam Altman, who is reportedly pushing for be ahead of the times compared to competitors.
However, there is no shortage tensions internal: some management figures would have preferred a more cautious timetable, pointing out differences in vision regarding the speed of the stock market launch.
Anthropic and other IPOs preparing for the new market cycle
Alongside SpaceX and OpenAI, also anthropic is preparing to enter Wall Street's radar. The company, a major competitor in the language modeling sector, is experiencing accelerated growth in enterprise revenue and could be one of the next mega-IPOs in the AI sector.
The broader picture points to an unprecedented cycle: between the space economy and artificial intelligence, 2026 could see a concentration of billion-dollar listings capable of reshaping the balance of global markets. Some estimates speak of an overall pipeline that, between SpaceX, OpenAI, and Anthropic, could get closer to the 200 billion dollars raised, surpassing the sum of the major US IPOs of recent years from 2022 onwards. Analysts interpret this scenario as a change of phase for the markets: fewer IPOs, but larger, more concentrated and dominated by a few global technology players. Nasdaq is poised to be the main beneficiary, both in terms of capital raised and trading volumes.
If the predictions are confirmed, the battle between Musk and Altman will no longer be just technological or legal. It will definitively shift to the markets, with SpaceX and OpenAI poised to become two of the most important listings in modern Wall Street history.
