By Chris Zappone
Publication Date: 2026-06-07 19:00:00
A coming wave of major U.S. initial public offerings will make the world’s largest stock market even more focused on tech giants and tie future performance even more closely to the profitability of artificial intelligence, investors say.
The largest IPO in history is planned for this week. Elon Musk’s reusable rocket company SpaceX is set to raise $75 billion ($106 billion), giving it an estimated value of $1.75 trillion.
SpaceX carries a large AI component. Its IPO, alongside expected IPOs from Anthropic and OpenAI, will expand membership in the so-called “Magnificent Seven” group of U.S. tech giants: Apple, Microsoft, Amazon, Alphabet, Meta Platforms, Tesla and Nvidia, named for their size and profits as well as their ability to shape their own industries.
The Magnificent…
