Mega-IPO Wave: How to Play SpaceX, OpenAI, Anthropic
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
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Gotrade News - SpaceX, OpenAI, Anthropic, and Cerebras are heading to public markets at roughly the same time. The first three are each expected to carry valuations above $1 trillion.
Because these names are still private, listed proxies like Alphabet, Microsoft, and Amazon offer the cleanest public-market read-through. Their stakes give investors indirect exposure to the IPO theme.
Key Takeaways
SpaceX, OpenAI, and Anthropic are each expected to debut above a $1 trillion valuation.
Alphabet, Microsoft, and Amazon hold stakes that offer indirect exposure today.
Stretched valuations and insider exits raise the risk for late retail buyers.
Why The IPOs Are Clustering
According to The Motley Fool, the clustering reflects unusually favorable market conditions. The S&P 500 trades near 22 times earnings and the Nasdaq-100 above 26 times.
The cyclically adjusted P/E ratio, or CAPE, has reached 42.7. That is the highest reading outside the dot-com bubble, per the same report.
Cerebras Systems already completed its IPO in May 2026, raising about $5.6 billion. Its debut set the tone for the larger names now lining up behind it.
Companies tend to time IPOs to bull markets to maximize the capital they can raise. Strong markets also let early investors exit after lockups and help fund stock-based deals.
For traders without access to private rounds, the public proxies matter most. Alphabet (GOOGL) holds stakes tied to SpaceX and Anthropic, giving it layered exposure to the theme.
Microsoft (MSFT) is the key backer of OpenAI, making it the most direct listed play on that name. Amazon (AMZN) is a major Anthropic investor, rounding out the indirect options.
These three remain the practical ways to ride the wave before any of the startups trade. Investors can hold the proxies rather than wait for allocation in oversubscribed offerings.
Caution is warranted, however, given how the offerings are structured. As reported by The Motley Fool, retail buyers risk becoming the exit liquidity for insiders.
History offers a sobering frame for the enthusiasm now building. Per The Motley Fool, the John Templeton line still applies: the four most dangerous words in investing are this time it is different.
The setup leaves the IPO wave balanced between opportunity and crowding. The listed proxies let investors size the theme without betting on a single debut.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
