The best IPO stocks to watch in 2026

• SpaceX generates billions in revenue as the leading space-launch provider, with its Starlink unit becoming a major global satellite internet provider
• OpenAI is seeking $100 billion in funding to scale AI efforts amid competition from Anthropic, which projects $70 billion revenue by 2028
• Over 200 companies went public in 2025, setting the stage for 2026 to be another significant year for the equities market

2026 IPO Market Outlook: SpaceX and OpenAI Lead Watch List

With over 200 companies going public in 2025, the IPO market momentum is expected to continue into 2026, with two standout candidates capturing investor attention.

SpaceX appears poised for a historic IPO following reports on December 10, 2025, suggesting a public offering is imminent. The space-launch leader generates billions in revenue, with its Starlink satellite internet division becoming a major global telecommunications provider. Market valuations have reached $1.5 trillion, which would make it one of the largest public offerings in history. Beyond current operations, investors are excited about the company's long-term potential in space-based industries, including recent developments in orbital manufacturing.

OpenAI is actively positioning for a potential 2026 IPO, with The Wall Street Journal reporting on December 18, 2025, that the AI leader is seeking $100 billion in funding at an $830 billion valuation. While CFO Sarah Friar maintains there's no pressure for an immediate IPO, competitive dynamics may accelerate plans. Key rival Anthropic, founded in 2021 by former OpenAI executives, is projected to reach $70 billion in revenue by 2028 and is rumored to be considering its own 2026 IPO, potentially influencing OpenAI's timeline.

Both companies represent leadership in two of the decade's most promising sectors—commercial space and artificial intelligence. Their potential public offerings would mark pivotal moments for the 2026 IPO market, with both approaching critical milestones that could push them toward public listings. Despite no official confirmations from either company, growing investor sentiment and market buzz position them as the top IPO prospects to monitor in the coming year.