SpaceX, OpenAI and Anthropic Could Be 3 of the Biggest Venture-Backed IPOs of All Time

SpaceX's anticipated 2026 IPO has drawn new attention with analyst projections placing its valuation at $1.75 trillion. The capital raise could reach $50 billion, supporting initiatives such as a lunar colony and orbital data centers. The firm reported an $8 billion profit in 2025, signaling the funds are for growth rather than covering losses.

OpenAI has made strategic moves to bolster its AI coding platform, Codex, by acquiring Astral, a Python toolmaker. This acquisition aims to enhance OpenAI's competitive position against Anthropic.

OpenAI's partnership with AWS to sell AI products to the U.S. government has expanded its footprint. This collaboration follows the Pentagon deal and aims to open up more enterprise contracts.

Why Did This Happen?

SpaceX's valuation reflects its ambitious growth plans, including the establishment of a lunar colony and development of orbital data centers. The company's profitability supports its capital needs for these projects. Analysts believe suppliers could benefit significantly from SpaceX's expansion.

OpenAI's acquisition of Astral is part of its strategy to strengthen Codex against competitors like Anthropic. The integration of Astral's tools aims to enhance Python development and improve the developer experience.

OpenAI's collaboration with AWS allows the company to leverage cloud infrastructure to sell its AI products to government agencies. This partnership is seen as a strategic move to expand OpenAI's federal presence beyond the Pentagon deal.

How Did Markets Respond?

The projected $1.75 trillion valuation for SpaceX has generated enthusiasm among investors. The capital raise could enable new ventures and support growth initiatives.

OpenAI's Codex has seen a significant increase in user growth, with over 2 million weekly active users. The acquisition of Astral is expected to further boost its market position.

OpenAI's AWS deal has been viewed as a positive development for its public sector expansion. Analysts note the partnership could enhance trust and reliability in enterprise contracts.

What Are Analysts Watching Next?

Analysts are monitoring SpaceX's ability to execute on its ambitious plans, such as the lunar colony and orbital data centers. The company's profitability and expansion could impact its valuation.

The integration of Astral's tools into Codex is expected to influence OpenAI's market position. Analysts are watching for user growth and the platform's competitive edge against Anthropic.

OpenAI's expansion into the U.S. government sector through the AWS partnership is under scrutiny. The success of this initiative could determine OpenAI's ability to secure more enterprise contracts and enhance its public sector presence.