By Peace Longe
Publication Date: 2026-06-08 11:38:00
The largest wave of new stock listings in history is about to reach ordinary investors, and it starts with one name.
SpaceX is set to price its shares on June 11 and begin trading June 12, with OpenAI and Anthropic expected to follow later in the year. Together, the three could raise about $200 billion.
At a targeted $1.75 trillion valuation, SpaceX would be the biggest initial public offering ever.
Most coverage keeps asking the same thing: is SpaceX too expensive? The more useful question is how you judge any hyped listing.
David Holtzman, who has served as a technological advisor to the White House under three presidential terms, has a framework for that.
He served as an IBM chief scientist, ran core internet infrastructure during Y2K, and watched the dot-com boom inflate and collapse up close.
In a recent interview, he laid out three filters that still work long after the debut leaves the headlines.
David Holtzman’s 15-second test for the SpaceX IPO
Holtzman’s first filter comes…
