SpaceX has floated on public markets at a $1.77 trillion valuation, with AI firms Anthropic and possibly OpenAI expected to follow, and their combined scale is drawing attention for eclipsing decades of technology exits. According to the latest NVCA-PitchBook Venture Monitor report, cited by TechCrunch, these three offerings together are set to "generate more value than all U.S. VC-backed exits since 2000" — a striking illustration of how heavily capital is now concentrating in AI and space ventures.

The trio is expected to be worth north of $4 trillion combined, dwarfing the roughly $70 billion in total U.S. IPO proceeds recorded last year. The article notes caveats: the figure excludes non-US firms such as Alibaba and measures "value created" rather than liquid cash, and many landmark products (the iPhone, Android, YouTube, Instagram) came from already-public companies. That 25-year span still included major listings from Google, Tesla and Meta, plus $20 billion-plus acquisitions of LinkedIn, Slack and WhatsApp — yet Uber's $84 billion 2019 IPO amounts to under 5% of SpaceX's raise. Analysts attribute the shift to companies staying private longer and the capital-intensive nature of AI training inflating valuations, to the point of straining financial infrastructure.