Space Exploration Technologies Corp. Class A Common StockSpaceX is cited only for its $2 trillion market cap in the combined-valuation comparison, with no new company-specific development.
The combined valuations of OpenAI, Anthropic and SpaceX now exceed the total value of every initial public offering from 1980 through 2025, according to The Financial Times, citing data from University of Florida Warrington College of Business emeritus professor Jay Ritter. OpenAI is raising cash at a $1.2 trillion valuation, Anthropic carries a potential $2 trillion value when it goes public, and SpaceX holds a current $2 trillion market cap, putting the trio just north of $5 trillion, the FT reported. Anthropic, led by Dario Amodei, is expected to go public sometime next month, though that could slip to later in the fall, while OpenAI, which had also been expected to list this year, is now targeting an IPO in 2027. The figures, which are not adjusted for inflation, were illustrated in a chart posted on X by Morning Joe economic analyst and New York Times Op-Ed contributing writer Steve Rattner. The valuations underscore how heavily early backers and Wall Street are betting on AI, and have also lifted the hardware companies supplying the GPUs and memory chips behind the models, with Nvidia valued at $5.5 trillion as of Tuesday and Micron's stock up more than 1,100% over the past two years.
Space Exploration Technologies Corp. Class A Common StockSpaceX is cited only for its $2 trillion market cap in the combined-valuation comparison, with no new company-specific development.
NVIDIA CorporationThe AI boom behind OpenAI/Anthropic/SpaceX valuations has lifted GPU supplier Nvidia to a $5.5 trillion valuation.
Micron Technology IncAI valuations and Wall Street bets on AI have lifted hardware suppliers like Micron, whose stock is up over 1,100% in two years.
Harbin ElectricAnthropic is noted for a potential $2 trillion value and an expected IPO next month, but no concrete new development beyond the valuation figure.
OpenAI is noted for raising cash at a $1.2 trillion valuation and targeting a 2027 IPO, but no concrete new development beyond the valuation figure.