---
title: "Anthropic, OpenAI, and SpaceX IPOs to Surpass Combined Value of All US VC-Backed Exits in Last 25 Years"
source: "TechCrunch：AI（RSS）"
source_tier: "t2"
url: "https://techcrunch.com/2026/07/09/anthropic-openai-and-spacex-are-bigger-than-the-last-25-years-of-tech-exits/"
permalink: "https://feed.astralor.com/items/itm_8e29a16695b1064cc0925e73"
published: "2026-07-09T14:51:00.000Z"
score: 77
channel: "ai"
tags: ["AI IPO","Anthropic","OpenAI","SpaceX","Tech Exits","VC Market"]
---

# Anthropic, OpenAI, and SpaceX IPOs to Surpass Combined Value of All US VC-Backed Exits in Last 25 Years

## AI commentary

> This is one of the most astonishing capital market signals in 2026. When the IPO value of just three AI/space companies can surpass the sum of all VC exits over 25 years, it shows we stand at the threshold of a new era. For fund managers, entrepreneurs, or anyone tracking macro trends, this story is a must-read—it's not just a numbers game, but a fundamental reshuffling of innovation, capital logic, and regulatory dynamics.

## At a glance

According to TechCrunch, the upcoming IPOs of Anthropic, OpenAI, and SpaceX are expected to generate a combined market cap exceeding $1 trillion, surpassing the total value of all US VC-backed exits since 2000. This milestone signals that AI and space technology have replaced traditional tech as the core forces in capital markets. Analysts say these three companies represent the pinnacle of AI foundation models and commercial spaceflight, and their listings will reshape global tech investment, potentially triggering deep regulatory and market structure changes.

## Key points

- Combined IPO value of Anthropic, OpenAI, and SpaceX expected to exceed $1 trillion.
- Surpasses all US VC-backed exits since 2000.
- AI foundation models and commercial spaceflight become new capital focus.
- May drive regulatory framework and market landscape reshaping.

## Full text

Three big AI IPOs are set to generate more value than all the U.S. VC backed exits since 2000.

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