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The Great IPO Frenzy of 2026

Explore episode Jun 15, 2026
Business
Why Now? Peak AI Excitement Is the Window

The Great IPO Frenzy of 2026 · Jun 15, 2026 Business

OpenAI and Anthropic aren't going public because they've cracked profitability. They're going public because the excitement window is open right now, and waiting risks that window closing. You raise the most money when people are willing to pay the most.

Where this was said

Cold Open: The IPO Headlines Everyone Is Talking About

At 1:17 · chapter starts 0:00

The episode opens with a barrage of news audio announcing SpaceX's record debut, with anchors breathlessly noting a $2 trillion-plus valuation 'with a T.' Spencer Jakab, The Wall Street Journal's investing columnist, immediately anchors the scale: SpaceX's single offering exceeds the combined total of every IPO that happened during the year 2000, the peak of the dot-com frenzy. Anthropic and OpenAI are both lined up to follow, targeting valuations around $1 trillion or more. The scene-setting is deliberate — host Jessica Mendoza is priming listeners to understand not just the numbers but the historical gravity of what is unfolding on Wall Street.

Business
The Biggest IPO Year in History

The Great IPO Frenzy of 2026 · Jun 15, 2026 Business

SpaceX's IPO alone raised more than every single IPO that happened during the dot-com peak of 2000. Add Anthropic and OpenAI — both targeting trillion-dollar-plus valuations — and 2026 is unquestionably the biggest IPO year ever recorded.

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