If you're wondering how huge the AI segment's march toward the public markets is, look no further than the valuations of the biggest companies in the space. Take OpenAI (OPAI.PVT), which is raising cash at a $1.2 trillion valuation, according to The Wall Street Journal, throw in Anthropic's (ANTH.PVT) potential $2 trillion value when it goes public, and SpaceX's (SPCX) current $2 trillion market cap, and you're sitting at just north of $5 trillion, The Financial Times reported. That is more than the value of all of the initial public offerings from 1980 through 2025, The FT says, citing data from University of Florida Warrington College of Business emeritus professor Jay Ritter.
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