Upcoming trillion-dollar IPOs from SpaceX, OpenAI, and Anthropic are set to redefine market valuations, asking investors to wager heavily on uncertain futures. These companies are bypassing the traditional path of public markets, potentially capturing future growth for private investors at the expense of public shareholders.

SpaceX's upcoming IPO could redefine financial markets with its unprecedented scale and transformative potential.

With listings now occurring later in a company’s life cycle, there could be implications for post-IPO share price performance