May 25, 2026

Elon Musk, Sam Altman and Dario Amodei — once locked in a fight over how OpenAI could ever catch Google — are now barreling toward a far bigger prize: blockbuster IPOs that could mint trillion-dollar giants and jolt a starving U.S. market back to life. SpaceX, OpenAI and Anthropic are all moving closer to listings, with insiders warning the real test is whether public investors can absorb a tidal wave of AI deals without cracking the market’s appetite for risk. A weak debut from any one of them could puncture the AI frenzy that has powered stocks through inflation and geopolitical turmoil; a strong run could set 2026 up as the biggest year for U.S. IPOs in history.

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