In 2026, the global capital market will officially usher in a historic super IPO cycle. Global top tech unicorns such as SpaceX, OpenAI, and Anthropic, along with leading companies in AI, semiconductor, autonomous driving, robotics, fintech, and other fields both domestically and internationally, are intensively launching the process of going public. This rare wave of giant IPOs in history is not a capital action of a single enterprise, but a concentrated reflection of global technology industry iteration, primary market capital exit, and global liquidity restructuring. It will completely rewrite the pattern of the US stock market and global capital flow, while deeply affecting the short-term trend and long-term valuation system of the cryptocurrency market.

1、 Annual heavyweight IPO matrix: Top global market leaders make concentrated appearances

This wave of super IPOs covers nine core tracks: aerospace technology, general AI, enterprise level big models, cloud data infrastructure, autonomous driving, digital finance, AI military industry, humanoid robots, and high-end semiconductors. A group of industry benchmark companies will concentrate on entering the capital market from 2026 to 2027, opening a new round of market value reshaping.

1. Aerospace technology benchmark: SpaceX

As the absolute leader in global commercial aerospace, SpaceX is expected to land on NASDAQ on June 12, 2026, with the potential to impact the largest IPO in human history. The company's business covers such core fields as rocket launch, satellite Internet, starship research and development, orbital AI infrastructure, and aerospace military services. This IPO is expected to raise $75-80 billion, with an overall valuation range of $1.75 trillion to $2 trillion.

The equity structure is highly distinctive, with the company adopting a dual class equity structure. Musk holds over 93% of the B-class super voting rights, with absolute control and veto power. External capital cannot interfere with core decisions, making it one of the biggest highlights of this super IPO.

2. General AI giant: OpenAI

OpenAI, led by Altman and founded in 2015, is the pioneer of global generative AI. Its core product ChatGPT and series GPT models define industry standards. In the early stages of the project, Musk was a co-founder, but due to differences in ideas, he withdrew and Altman took over the commercial layout.

Driven by the massive cost pressures of AI training, computing power clusters, data centers, chips, and electricity, OpenAI urgently needs long-term public market capital to support research and development iterations. The company is expected to go public from the fourth quarter of 2026 to 2027, with a target valuation of $850 billion, making it the most anticipated core IPO target in this round of the AI industry.

3. Enterprise level AI leader: Anthropic

Claude AI developer Anthropic was founded in 2021, specializing in large model services that are secure, controllable, and suitable for enterprise level scenarios. It has established a deep binding cooperation with AWS, and the growth rate of enterprise users has been rapid, earning it the market reputation as the "Oracle of the AI era". The company is expected to go public in October 2026, with a valuation range of 380 billion to 900 billion US dollars, and huge growth potential.

4. Global payment infrastructure: Stripe

As the underlying payment infrastructure of the global Internet and AI industry, Stripe focuses on online payment, cross-border finance, and enterprise finance API services, and deeply adapts to the leading enterprise ecosystems such as OpenAI, Microsoft, Shopify, etc. At present, we are continuously increasing our efforts to embed AI workflows and integrate stablecoins with blockchain payments. The company has submitted IPO materials secretly, and is expected to complete listing in the past two years, with an estimated value of US $159 billion. It is a complex of Visa+PayPal in the Internet era, with high ecological barriers for developers.

5. AI Data Operating System: VNet

VNet focuses on cloud data processing, Lakehouse architecture, and AI training data systems, serving as the core data foundation of the AI industry and can be called the "data operating system of the AI era". The company's annual revenue exceeded 5.4 billion US dollars in 2026, with a year-on-year growth rate of over 65%. Among them, the annual revenue of AI products reached 1.4 billion US dollars, showing strong growth momentum. It is expected to go public in the fourth quarter of 2026, with a valuation of $134 billion, and will enjoy long-term dividends as the AI industry continues to expand.

6. Absolute leader in autonomous driving: Waymo

Waymo, which originated from Google's internal autonomous driving project and is a subsidiary of Alphabet, is the company with the highest barrier to entry for autonomous driving technology in the world. It has already commercialized Robotaxi operations in multiple cities across the United States. The company focuses on building AI drivers, intelligent transportation systems, and unmanned logistics networks to achieve full domain control of physical devices by AI. Expected to be listed around 2027, with a current valuation of approximately $110 billion.

7. European Super Finance App: Evolution

Revolut is a leading digital bank and super financial platform in Europe, covering full chain services such as multi currency payments, foreign exchange, wealth management, cross-border settlement, AI risk control, etc., restructuring the traditional global financial settlement system. The company has submitted the S-1 listing documents and is expected to complete its IPO between 2026-2028, with a current valuation of $75 billion and a target listing valuation of $150 billion to $200 billion.

8. New AI military force: Anduril Industries

Anduril is the fastest-growing AI military enterprise in the world, relying on software driven, AI autonomous decision-making, drone clusters, and automated defense systems to disrupt traditional military industry models and adapt to future intelligent warfare needs. The company is expected to IPO in 2027, with a current valuation of $60 billion to $61 billion.

9. Domestic robot leader: Yushu Technology

Hangzhou Yushu Technology is a benchmark enterprise for humanoid and quadruped robots in China, and also one of the few companies in the world to achieve large-scale commercial use of robots. Its core layout includes robot motion control, joint systems, and industrial intelligent robot tracks. The company's revenue growth rate has exploded, and its revenue will continue to climb from 2023 to 2025. In the first quarter of 2025, its revenue will be 423 million yuan, and its commercial landing ability is outstanding. It is expected to go public in the next two years, with a valuation of 15 billion to 30 billion yuan.

10. Domestic DRAM leader: Changxin Storage

Changxin Storage is the only core enterprise in China with the ability to mass produce large-scale DRAM memory chips. Its products cover core categories such as DDR5, LPDDR, and AI server memory, breaking the overseas monopoly. In the first quarter of 2026, the performance exploded, with a year-on-year increase of 719.13% in revenue and a year-on-year increase of 1688.30% in net profit attributable to shareholders, demonstrating strong profitability. Expected IPO in 2026-2027, valued at 300 billion to 500 billion RMB.

11. Domestic Flash Memory Leader: Changjiang Storage

Changjiang Storage is the only domestic and globally leading 3D NAND Flash storage chip enterprise, supporting half of the domestic flash memory industry. In the first quarter of 2026, the revenue doubled year-on-year, and the industry position and profitability continued to solidify. The company is expected to go public in 2026-2027, with a valuation range of 160 billion to 400 billion yuan.

2、 Super IPO Wave: Reshaping the Global Financial Landscape from Three Dimensions

The concentrated listing of multi track giants in this round is not simply a capital expansion, but a global capital redistribution, market structure reconstruction, and asset value reassessment, which will profoundly affect the global financial system from three dimensions: liquidity, US stock market pattern, and cryptocurrency market.

1. Large scale migration of global liquidity, comprehensive repricing of major asset classes

The essence of a large-scale IPO is the massive expansion of existing assets from the primary market to the secondary market, which requires a huge amount of incremental funds to undertake. To participate in the new stock subscription of top technology giants, global institutions will passively adjust their positions, shifting funds through reducing existing stocks, shrinking bond positions, reducing risk assets, and withdrawing liquidity reserves.

This round of listed companies has a large volume and high-quality track, forming fierce competition for funds among each other, while continuously diverting liquidity from traditional growth stocks and small and medium-sized technology stocks. Starting with SpaceX as the core benchmark, the subsequent listing of AI, semiconductor, fintech, and military industry giants will completely reconstruct the pricing system of global growth assets and trigger a market wide rotation adjustment.

2. The US stock market has entered the era of super oligopoly, and the Matthew effect has been extremely strengthened

Over the past decade, funds in the US stock market have continued to concentrate on the core leaders of NASDAQ and S&P 500, and the liquidity of small and medium-sized assets has continued to weaken. This round of super IPOs will further exacerbate this trend: newly listed aerospace companies AI、 Chips and autonomous driving leaders are both top core assets in the world, and will continue to siphon off market incremental funds after going public.

In the end, the US stock market will form a pattern of "super tech oligopoly monopoly market", with the market value, liquidity, and discourse power of top giants continuing to rise. The difficulty of financing for small and medium-sized technology enterprises will increase, and liquidity will continue to dry up, leading to the ultimate Matthew effect in the market.

3. Short term pressure on the cryptocurrency market, long-term elimination of counterfeits and preservation of truth

In the short term, the liquidity siphon effect of super IPOs will directly suppress the cryptocurrency market. Institutions and individual investors will reduce their holdings of BTC spot stocks, reduce their allocation of crypto ETFs, and withdraw high-risk crypto asset funds in order to subscribe to high-quality technology new stocks, resulting in a tightening of market liquidity and pressure on market volatility.

At the same time, most of the various AI concept encrypted tokens that were previously hyped up in the market lacked real landing scenarios and commercial closed loops, relying solely on emotional hype to boost prices. With the landing of real AI giants such as OpenAI and Anthropic in the secondary market, the market will initiate a valuation cleaning of AI encrypted assets, and pure speculative targets will continue to decline and clear.

In the long run, this round of reshuffling is a major positive for the industry. After the concept of false AI is eliminated, high-quality encryption projects with real technology implementation, on chain ecological collaboration, and AI agent application scenarios will stand out, ushering in opportunities for valuation repair and large-scale development, and completing the iterative upgrade of the industry to eliminate falsehood and preserve truth.

3、 Conclusion: Super IPO opens up a new global financial cycle

The super IPO wave that will begin in 2026 is a milestone in the iteration of the global technology industry and the starting point for reshaping the global financial market landscape. AI、 The concentrated listing of giants in core fields such as high-end manufacturing, commercial aerospace, autonomous driving, domestic semiconductors, and digital finance marks the official bet of global capital on the technology core field of the next decade.

Short term liquidity fluctuations, market structure differentiation, and cryptocurrency market reshuffle are inevitable trends, but in the long run, this cycle will completely complete the replacement of old and new assets, establishing the core position of technology hard core assets. The global financial market has officially bid farewell to traditional growth models and entered a new era of development dominated by AI, chips, robots, aviation technology, and digital finance.