2026 年超级 IPO 之战：SpaceX 对阵 Anthropic 对阵 OpenAI

本周，世界正热切期待着历史上最大的 IPO！



在 6 月 12 日周五， SpaceX 的股票预计将首次在纳斯达克开始交易，挂牌价格为每股 135 美元。

Bybit 客户已经可以 立即注册，并获得参与这一备受期待的 IPO 的代币化途径。

^{解码：首次公开募股（IPO）是像 SpaceX 这样的私有公司首次向公众出售其份额，这让普通投资者有机会成为该公司的部分所有者。}



此外，自 5 月 21 日起，交易者和申购者已经可以在 Bybit 上访问 SPCXUSDT 永续合约。

但是，一个重要的注释：SPCXUSDT 将于 UTC 时间 6 月 10 日周三上午 7:30 下架。



Trade SpaceX Now





SpaceX 并不是唯一一家寻求上市的庞大私有公司。

一夜之间，ChatGPT 的创建者 OpenAI 宣布也已申请自己的 IPO。

此前，Claude 机器人的创建者 Anthropic PBC 最近也宣布了其 IPO 计划。



以下是这些超大型 IPO 的比较：

并排快照







如果这些私有公司今天以今天的估值进行 IPO...

这 3 个超大型 IPO 加起来的市值将达到 3.6 万亿美元！



另外，每一家都将跻身标准普尔 500 指数前 15 大股票之列——甚至超过美国最大的银行摩根大通！

（按美元市值排名，在 6 月 9 日周二美国市场开盘前）

• Nvidia：5.05 万亿

• Apple：4.43 万亿

• Alphabet：4.41 万亿

• Microsoft：3.06 万亿

• Amazon：2.64 万亿

• Broadcom：1.88 万亿

• SpaceX：约 1.8 万亿

• Tesla：1.54 万亿

• Meta：1.29 万亿

• Eli Lilly：1.08 万亿

• Micron Technology: 1.07 trillion

• Anthropic: 0.96 trillion

• Walmart: 0.95 trillion

• OpenAI: 0.85 trillion (Polymarket puts a near-50% chance OpenAI IPOs above a $1.5 trillion valuation)

• JPMorgan: 0.83 trillion





这些公司是如何赚钱的？



1) SpaceX: Starlink satellites, rockets, AI data centers, and xAI.

• 2025 revenue came in at US$ 18.7 billion, with Starlink making up over 60% of that revenue from its 10.3 million subscribers across 164 countries.

• However, SpaceX lost almost US$ 5 billion (4.94B) largely due to xAI.

SpaceX 如何赚取更多资金？

• SpaceX also has a deal to supply AI computing capacity, including 325k Nvidia chips, to Anthropic, which the latter will pay the former US$1.25 billion per month through May 2029.

• Last Friday, June 2, SpaceX announced a US$ 30 billion cloud services deal with Google, which will cost the latter US$ 920 million a month through 2029.

• Analysts at Goldman Sachs and Evercore ISI predict that SpaceX's revenue would grow to about US$ 474 billion - USD$ 486 billion by 2030. Evercore even predicts SpaceX's revenue to hit US$ 1 trillion by 2031! 撤回，SpaceX 的 2025 年收入为 187 亿美元。

这个令人震惊的数字又如何呢...

SpaceX claims a total addressable market (TAM) a.k.a. maximum revenue ceiling of US$ 28.5 trillion - the biggest ever stated TAM in history!





2) Anthropic: Founded in 2021 by former OpenAI employees, Anthropic's Claude chatbot is a leading AI assistant used by global enterprises and has a run-rate revenue reportedly crossing $47 billion.





3) OpenAI: Since its launch in late-2022, ChatGPT is now being used by over 900 million people each week, missing its internal target of 1 billion weekly active users by end-2025.

Its coding agent, Codex, is now used by more than 4 million users weekly, and OpenAI is looking to expand into a unified AI “superapp”.

OpenAI 预测到 2030 年收入将超过 2800 亿美元！

That’s a massive leap from its US$20 billion annualized revenue in 2025, which was already over three times more than 2024’s US$ 6 billion.





Key risks to watch out for



• 大规模份额供应量 = 资本轮换浪潮 = 市场波动？

Already, the SpaceX IPO is well oversubscribed, with institutional orders reportedly exceeding $10 billion.

With some analysts already worrying that the stock market rally has gone too far, too fast (prior to last week’s pullback), 3 mega-IPOs in quick succession could translate into a massive rotation of investors’ funds out of existing stocks into these mega-IPOs, which in turn could lead to more market volatility.



• 这三家公司都在亏钱或大规模烧钱。

OpenAI says it’s committed US$1.4 trillion on AI infrastructure, with about US$ 600 billion of that amount to be spent by 2030.

Anthropic intends to spend US$ 50 billion to build custom AI data centers in the US.

SpaceX's capital expenditure came in at US$ 20 billion in 2025, and capex is forecasted to exceed US$ 360 billion by 2030. Its spending US$ 15 billion on Starship alone, and many billions more to put AI data centers - and even 1 million people - in space!

这些都是长期的赌注，而不是收益股票。



• 创始人控制。

SpaceX 的双层股权结构限制了公众股东的权力。

Elon Musk holds Class B shares with 10x voting rights, controlling ~85.1% of total votes.

Analysts expect similar structures from OpenAI and Anthropic.





2026 Mega-IPOs: 结语



这是一次千载难逢的 IPO 浪潮！

SpaceX is imminent; Anthropic and OpenAI are close behind, perhaps just a few months away.

All 3 are high-risk, high-ambition bets on the future of AI and space.

此类首次公开募股（IPO）可能会带来一些令人兴奋的价格变动，从首日的暴涨/暴跌到长期的增长潜力不等。

尽管如此，在此过程中仍存在诸多风险，因为申购者需要评估潜力是否能转化为现实。

这3场大型IPO最终可能会让散户申购者来决定人工智能的热潮是繁荣还是破灭。

简而言之，申购者和交易者必须密切关注每家公司的发展历程——否则将面临错失良机的风险。







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