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On Friday, June 12th, SpaceX stocks are expected to begin trading on the Nasdaq for the first time ever, with a slated price of $135 per share.
Bybit clients can already register now and gain tokenised access to this highly-anticipated IPO.
DECODE: An initial public offering (IPO) is the first time a private company, like SpaceX, sells its shares to the general public, giving everyday investors the opportunity to become part-owners of that company.
Also, since May 21st, traders and investors could already access SPCXUSDT perpetual contracts on Bybit.
However, an important note: SPCXUSDT will be de-listed at 7:30 AM UTC on Wednesday, June 10th.
SpaceX is not the only huge private company that's looking to go public.
Overnight, OpenAI - the creator of ChatGPT - announced that it has filed for its own IPO too.
This follows another recent announcement by Anthropic PBC - the creator of Claude chatbot - for its own IPO.
Here's how these mega-IPOs stack up against one another:
Company | IPO Status | Valuation | Target Amount to be Raised | Timing |
SpaceX | Pricing - June 11th | ~US$ 1.8 trillion | US$ 75 billion | Trading start set for June 12 |
Anthropic | Confidential filing made on June 1 | ~US$ 965 billion | Not set | Oct 2026 est. |
OpenAI | Confidential filing made on June 8 | ~ US$ 852 billion | Not set | Fall 2026 est. |
If these private companies were to IPO today, at today's values ...
These 3 mega-IPOs combined would represent US$ 3.6 trillion in market value!
Separately, each would still rank among the 15 biggest stocks on the S&P 500 - even bigger than JPMorgan - the biggest US bank!
(ranked by market cap in US$, before US market opens on Tue, June 9th)
Nvidia: 5.05 trillion
Apple: 4.43 trillion
Alphabet: 4.41 trillion
Microsoft: 3.06 trillion
Amazon: 2.64 trillion
Broadcom: 1.88 trillion
SpaceX: ~1.8 trillion
Tesla: 1.54 trillion
Meta: 1.29 trillion
Eli Lilly: 1.08 trillion
Micron Technology: 1.07 trillion
Anthropic: 0.96 trillion
Walmart: 0.95 trillion
OpenAI: 0.85 trillion (Polymarket puts a near-50% chance OpenAI IPOs above a $1.5 trillion valuation)
JPMorgan: 0.83 trillion
1) SpaceX: Starlink satellites, rockets, AI data centers, and xAI.
How would SpaceX make MORE money?
And how about this for a mind-blowing figure ...
SpaceX claims a total addressable market (TAM) a.k.a. maximum revenue ceiling of US$ 28.5 trillion - the biggest ever stated TAM in history!
2) Anthropic: Founded in 2021 by former OpenAI employees, Anthropic's Claude chatbot is a leading AI assistant used by global enterprises and has a run-rate revenue reportedly crossing $47 billion.
3) OpenAI: Since its launch in late-2022, ChatGPT is now being used by over 900 million people each week, missing its internal target of 1 billion weekly active users by end-2025.
Its coding agent, Codex, is now used by more than 4 million users weekly, and OpenAI is looking to expand into a unified AI “superapp”.
OpenAI forecasts revenue to exceed US$ 280 billion by 2030!
That’s a massive leap from its US$20 billion annualized revenue in 2025, which was already over three times more than 2024’s US$ 6 billion.
Already, the SpaceX IPO is well oversubscribed, with institutional orders reportedly exceeding $10 billion.
With some analysts already worrying that the stock market rally has gone too far, too fast (prior to last week’s pullback), 3 mega-IPOs in quick succession could translate into a massive rotation of investors’ funds out of existing stocks into these mega-IPOs, which in turn could lead to more market volatility.
OpenAI says it’s committed US$1.4 trillion on AI infrastructure, with about US$ 600 billion of that amount to be spent by 2030.
Anthropic intends to spend US$ 50 billion to build custom AI data centers in the US.
SpaceX's capital expenditure came in at US$ 20 billion in 2025, and capex is forecasted to exceed US$ 360 billion by 2030. Its spending US$ 15 billion on Starship alone, and many billions more to put AI data centers - and even 1 million people - in space!
These are long-term bets, not income stocks.
SpaceX’s dual-class structure limits public shareholder power.
Elon Musk holds Class B shares with 10x voting rights, controlling ~85.1% of total votes.
Analysts expect similar structures from OpenAI and Anthropic.
This is a once-in-a-generation IPO wave!
SpaceX is imminent; Anthropic and OpenAI are close behind, perhaps just a few months away.
All 3 are high-risk, high-ambition bets on the future of AI and space.
Such IPOs may lead to some exciting price action, ranging from either a first-day pop/crash to long-term growth potential.
Still, there are plenty of risks along the way, as investors assess whether potential translates into reality.
These 3 mega-IPOs may ultimately empower retail investors to decide whether the AI frenzy is boom, or bust.
In short, investors and traders must closely watch each company’s journeys - or risk missing out.
DISCLAIMER:
This article is provided for general information and reflects the author’s views only. It does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.