SpaceX, OpenAI, and Anthropic are increasingly viewed as catalysts for a potential private market repricing, with their expected IPOs forming a broader "exit wave" that could reset valuation benchmarks across late-stage venture markets.
When companies worth billions of dollars move out of private indices, they don't just create liquidity—they reset the valuation benchmarks that ripple across related sectors like AI, infrastructure, and defense technology.
Forge Global recently released a report detailing performance from other "baskets" in the industry, noting that private market strength is increasingly spreading beyond a handful of artificial intelligence companies.
"This broadening of industry sectors suggests that private market returns are no longer concentrated in a single theme, but are instead diffusing across adjacent areas that benefit from the same underlying technological and capital allocation trends," the report stated.
Read Also: Andreessen Horowitz Partner Reignites Carried Interest Debate With Call For Higher Taxes Last month, chips emerged as the strongest-performing basket, rising 6%, driven in part by Cerebras.
