Chart of the Day: IPO Class of 2026

Today’s Chart of the Day from arvy's "The IPO Class of 2026" offers a snapshot of two highly anticipated IPO candidates for 2026, comparing their projected valuations with those of established public companies. An IPO, or initial public offering, occurs when a privately held company offers shares to the public for the first time.

In 2026, two of the most prominent names poised to go public are SpaceX and OpenAI, both expected to debut at unprecedented valuations that could place them among the world’s first trillion‑dollar enterprises at launch.

SpaceX, in particular, stands out: an estimated $1.75 trillion IPO valuation would surpass any company debut in history and immediately eclipse established giants such as Walmart, Berkshire Hathaway, and Eli Lilly in market cap.

With an ownership stake of around 40%, Elon Musk would see his capital empire expand substantially. If expectations are met, SpaceX may leave the most established companies grounded while it climbs into an entirely new orbit.