TSX:T.TO 25 May 2026

July 9, 2026, 12:26 PM EDT. SpaceX, Anthropic, and OpenAI are lining up public listings that now put their combined market cap over $4 trillion-outstripping the total value of US VC-backed tech exits since 2000, NCVA-Pitchbook said. SpaceX went public recently at a $1.77 trillion valuation. The AI push and capital-heavy tech moves are making these IPOs bigger, even as companies wait longer to list than they did in earlier years. For context, total US IPO proceeds last year were just $70 billion. The size of these deals now puts pressure on financial plumbing and overshadows previous tech IPOs like Google, Tesla, and Meta from the last 25 years.