SpaceX now trades at a $1.93 trillion market cap after the largest IPO in history, and Cerebras sits around $60 billion after a volatile debut quarter. That's the short answer. The longer answer is that 2026 has already delivered two of the biggest tech listings ever, and the calendar for the rest of the year โ Anthropic, Databricks, Stripe, Discord โ is more crowded than any year since 2021.
I track IPO activity closely because it's the clearest signal of where the venture-backed capital I invest alongside eventually gets marked to reality. We keep a running view of pricing, lockups, and post-IPO performance on our tech IPO tracker, and 2026 has been the busiest year for that dashboard since it launched.
Figures are July 2026 estimates blended from company S-1/press releases, TechCrunch, CNBC, Bloomberg, and Yahoo Finance market data as of July 11-12, 2026.
The 2026 Tech IPO Calendar: What's Priced, What's Filed, and What's Still Coming
The 2026 tech IPO calendar has produced three completed listings โ SpaceX, Cerebras, and Chime and Klarna carrying over from late 2025 โ plus a deep pipeline of confidential filings. SpaceX's $75B raise in June was the largest IPO ever, Cerebras followed in May as the year's first major AI-adjacent debut, and Anthropic, Databricks, Stripe, and Discord are all positioned to list before year-end.
That's a sharp contrast from 2023 and 2024, when the tech IPO window was mostly shut and the handful of companies that did list โ Klaviyo, Instacart, Arm โ traded well below their private-market peaks for months. 2026 has flipped that script: SpaceX and Cerebras both closed their first trading day up double digits, and appetite for the next wave of AI and fintech listings looks, for now, undiminished.
Every Major Company on the 2026 IPO Calendar
| Company | Status | Valuation | Key Metric |
|---|---|---|---|
| SpaceX (SPCX) | Priced June 12, 2026 | $1.77T at IPO, $1.93T now | $75B raised, largest IPO ever |
| Cerebras (CBRS) | Priced May 14, 2026 | $66B day-1 close, $60B now | $5.5B raised |
| Klarna (KLAR) | Priced Sept 10, 2025 | $15.1B now, down 56% | Revenue +44% YoY |
| Chime (CHYM) | Priced June 12, 2025 | $11.6B at IPO, -15% since | Trades below IPO price |
| Anthropic | Confidentially filed June 2026 | $965B last round | $47B revenue run-rate |
| Databricks | No S-1 yet, expected H2 2026 | Not yet priced | $5.4B ARR, +65% YoY, profitable |
| Stripe | Rumored, not filed | $159B tender (Feb 2026) | Up from $91.5B in early 2025 |
| OpenAI | Reportedly targeting Q4 2026 | ~$852B reported | Unconfirmed timeline |
| Discord | Confidentially filed early 2026 | Not disclosed | No pricing timeline reported |
Figures blended from company disclosures, TechCrunch, CNBC, Bloomberg, Fortune, and Yahoo Finance reporting as of July 11-12, 2026. Reported pre-IPO figures for OpenAI reflect secondary-market and press estimates, not a confirmed filing.
Tech IPO Calendar 2026: The Companies Still Waiting to List
Anthropic is the most advanced name still on the calendar. It confidentially filed for an IPO in early June 2026, just weeks after closing a $65B Series H at a $965B post-money valuation led by Altimeter, Dragoneer, Greenoaks, and Sequoia. With revenue run-rate past $47B, reports point to a listing as soon as October โ which would make it the second AI mega-cap to go public in the same year as SpaceX.
Databricks is the more conservative bet: it's the only company in this group that's already profitable, with $5.4B in annualized revenue growing 65% year-over-year and net retention above 140%. No S-1 has been filed as of mid-2026, but analysts widely expect one in the back half of the year given how far ahead of the AI-native pack Databricks is on actual unit economics.
Stripe and Discord are the wild cards. Stripe's February 2026 tender offer valued it at $159B, up sharply from $91.5B at the start of 2025, but it's been "about to IPO" for the better part of a decade and still hasn't filed. Discord confidentially filed with the SEC in early 2026, per Bloomberg, but no pricing timeline has surfaced since โ the kind of quiet filing that can sit for a year before it moves.
How to Read the 2026 Tech IPO Calendar as an Investor
The split between this year's winners and laggards is instructive. SpaceX and Cerebras both priced into genuine scarcity โ there's no comparable public alternative for reusable heavy-lift rockets or wafer-scale AI chips โ and both stocks are still trading above their IPO price months later. Klarna and Chime priced into crowded, comparable-rich categories where public investors could immediately benchmark them against existing fintech multiples, and both have traded down since.
That pattern should matter for how LPs and secondary buyers think about the Anthropic and Databricks listings still coming. Anthropic is closer to the SpaceX/Cerebras scarcity profile โ there are only two or three companies on earth that can plausibly claim frontier-model status โ while Databricks will be judged more like a conventional enterprise software comp, where its 65% growth and actual profitability will need to justify a premium multiple against Snowflake and Salesforce rather than against other AI names.
For VCs specifically, the read-through is on marks: funds holding SpaceX or Cerebras pre-IPO positions are sitting on real, bankable gains right now, while funds holding Klarna or Chime paper are learning the hard way that a public listing doesn't guarantee the mark holds. We track how those dynamics show up in fund performance more broadly on our VC performance dashboard.
Bottom line: The 2026 tech IPO calendar has already delivered the largest IPO in history in SpaceX ($1.93T market cap today), a strong AI-chip debut in Cerebras ($60B), and two mixed fintech results in Klarna (-56%) and Chime (-15%). The back half of the year is stacked โ Anthropic at a $965B valuation could list as soon as October, Databricks is the profitable name everyone's waiting on, and Stripe and Discord remain the multi-year wild cards that may or may not finally show up. Watch the scarcity profile of each listing, not just the headline valuation, to guess which ones hold their price.
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