SpaceX has launched its initial public offering (IPO), raising $75 billion and pushing its market capitalization to over $2.1 trillion. This significant financial milestone, combined with the recent listing of Cerebras Systems, has set the stage for a potential wave of public offerings in the technology sector. The IPO underscores the robust investor appetite for high-growth technology companies and could encourage other private firms to pursue listings.

Anthropic and OpenAI prepare for listings

Anthropic and OpenAI are among the most-watched companies preparing for public debuts. Both have filed confidential papers for their listings. OpenAI recently raised funds from companies like Nvidia and Softbank at a $850 billion valuation, while Anthropic secured funding at a $900 billion valuation. Polymarket traders predict these companies could cross $1 trillion valuations post-IPO due to strong revenue growth and market share in the artificial intelligence industry.

Anthropic has gained significant attention this year with product launches including Mythos and Fable. Its second-quarter revenue is expected to more than double to over $10 billion, with projections indicating it will turn a profit. The following table summarizes key financial details for these AI leaders:

Anduril targets defense sector growth

Anduril, operating at the intersection of artificial intelligence and defense, has raised over $11.6 billion from venture capital firms. A recent $5 billion fundraising round led by Thrive Global and Andresseen Horowitz valued the company at over $61 billion. While an IPO timeline is unconfirmed, analysts expect a listing in the next few years.

The company is benefiting from increased defense spending, with a request for $1.5 trillion from Congress. Anduril has invested in drone technology and received major orders, including a $20 billion contract from the US Army. It is also a key participant in the Golden Dome project.

Databricks and Stripe eye public markets

Databricks has emerged as a fast-growing technology company, having raised $20 billion. It is currently raising funds at a valuation between $165 billion and $175 billion. As a top competitor to Oracle, Databricks runs a data warehouse platform popular among corporates.

Stripe, a major fintech company, has raised $8.73 billion and reached a valuation exceeding $150 billion. Management has considered acquiring PayPal. Although Stripe has not confirmed an IPO date, its establishment in 2010 and history of venture capital funding suggest a public offering could be imminent. Other potential IPO candidates include Blue Origin, Figure AI, Revolut, and Kraken, with Kraken having already launched its papers.

U.S. stocks advanced over the past week as cooler-than-expected inflation data and solid corporate earnings steadied investor sentiment. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all gained after the latest Consumer Price Index report suggested price pressures are easing, reducing fears that the Federal Reserve would pursue additional rate hikes. Investors interpreted the data as a sign that policymakers may maintain a patient stance, reviving confidence across risk assets.

Corporate developments supported the rally, with Oracle Corp. shares surging after the company delivered stronger-than-expected earnings and upbeat guidance. Enthusiasm surrounding SpaceX and the broader space sector boosted interest in aerospace-related names, adding another pocket of strength to a market increasingly driven by innovation-focused themes. Technology stocks regained leadership as investors rotated back into growth after the previous week's correction.

Oracle Reports Double Beat in Q4

Oracle Corp. delivered a fiscal fourth-quarter earnings and revenue beat, with adjusted earnings of $2.11 per share topping estimates of $1.96. Revenue climbed 21% year over year to $19.18 billion, driven by surging cloud demand. Oracle Cloud Infrastructure revenue soared 93%, while remaining performance obligations jumped 363% to $638 billion. The company also disclosed plans to raise approximately $40 billion through debt and equity financing in fiscal 2027 to fund its aggressive AI data center expansion.

SpaceX IPO Ignites New Wealth Era

SpaceX's blockbuster IPO pushed Elon Musk's estimated net worth above the $1 trillion mark, making him the world's first trillionaire. His roughly 38% stake in the aerospace giant and holdings in Tesla Inc. account for the vast majority of his fortune. SpaceX's debut valued the company at more than $2 trillion, ushering in a new era of wealth creation driven by dominant positions in space, artificial intelligence and advanced technology.

Market Outlook and Sector Moves

Despite the improved mood, markets remain sensitive to incoming economic data and Federal Reserve signals. Traders continue to weigh cooling inflation against a still-resilient economy, while elevated valuations in AI-linked sectors leave little room for disappointment. For now, easing price pressures and strong earnings have helped restore momentum on Wall Street, but investors are likely to remain cautious as they assess whether the recent rebound can be sustained through the summer.

In other stock moves, SanDisk Corp. continued its ascent after Bank of America raised its price target to $2,100, citing tight NAND supply conditions and robust AI-driven storage demand. Conversely, Apple Inc. shares declined following its 2026 Worldwide Developers Conference as investors questioned the monetization timeline for its AI strategy. Super Micro Computer Inc. shares tumbled after unveiling plans to raise approximately $7 billion to fulfill AI server orders, sparking concerns about shareholder dilution.