The AI IPO pipeline is the largest concentration of private market value in technology history. SpaceX's June 2026 listing at $2.27T — the biggest IPO ever — opened the floodgates. Anthropic filed its S-1 on June 1 at a $965B target valuation, backed by $47B in annualized revenue that surpassed OpenAI in April 2026. OpenAI is reportedly filing confidentially, targeting $730-850B by September 2026. Databricks, valued at $62B in its last private round with $3.2B+ ARR, is expected in H2 2026. Stripe, processing over $1T in annual payment volume, is the largest private fintech company at $91B and expected to list in 2026-27. This dashboard tracks filing status, expected valuations, revenue comparisons, investor exposure, and the timeline for each company heading to public markets.
Anthropic (filed at $965B), OpenAI (targeting $790B by September), Databricks ($62B, H2 2026), and Stripe ($91B, 2026-27). SpaceX, CoreWeave, and Cerebras have already listed. Combined pipeline value exceeds $4T.
Anthropic filed its S-1 on June 1, 2026, targeting a $965B valuation. With $47B annualized revenue — surpassing OpenAI — it would be the largest AI-native IPO. Expected pricing H2 2026.
OpenAI is reportedly filing confidentially with a $730-850B target for September 2026. With ~$25B annualized revenue and 900M+ ChatGPT weekly users, it would be among the largest tech IPOs in history.