In the history of financial markets, there has never been anything quite like what is about to happen in 2026.
SpaceX, OpenAI and Anthropic, three private giants with a combined estimated valuation approaching $4 trillion (€3.44trn), are all preparing to debut on public markets within the space of a few months.
The sheer scale of the exercise dwarfs anything that has come before it, and it raises a question that bankers, fund managers and ordinary investors are now asking with growing urgency: does the stock market have the capacity to absorb all three?
The answer, at least for now, appears to be yes, though with notable caveats and with the likelihood of a difficult digestion period ahead.
SpaceX goes first and goes big
