The wave of AI IPOs set for 2026 is indeed real but the companies involved are at different stages of development. Four of them are already public firms with shares traded on the open market, while three others have filed papers with regulators. The remaining four are still in the planning stages and most have pointed to 2027 or thereafter for their plans to go public.
This guide sorts the upcoming AI IPOs of 2026 by status and shows which AI firms that are going public are in trading mode, which ones are close to it and which ones are still waiting for their turn. All of this data is true as of November 6, 2026.
Quick scan: where each AI IPO stands
| Company | Status | Ticker | Timing |
|---|---|---|---|
| SpaceX (with xAI) | Listed | SPCX (Nasdaq) | June 12, 2026 |
| Cerebras | Listed | CBRS (Nasdaq) | May 14, 2026 |
| Zhipu AI | Listed | 2513 (Hong Kong) | January 8, 2026 |
| MiniMax | Listed | Hong Kong | January 9, 2026 |
| Anthropic | Filed publicly | ANT (Nasdaq, proposed) | Reported late November |
| Nscale | Filed publicly | NSCL (NYSE, proposed) | No date set |
| OpenAI | Filed confidentially | None yet | Likely 2027 |
| Databricks | Planning | None yet | 2027 at the earliest |
| Lambda | Planning | None yet | Planned for 2027 |
| Crusoe | Planning | None yet | No date set |
| Cohere | Planning | None yet | No date set |
Which AI companies have already gone public in 2026?
1. SpaceX (with xAI)
On June 11, SpaceX set the price of their Initial Public Offering at $135 a share, and began trading on the next day in the Nasdaq stock market as SPCX. It was a record-breaking IPO raising an amount of $75 billion.
Days after the opening, the price reached a peak of $225.64. By the end of October, the share price was below its initial offer.
2. Cerebras
On May 13, Cerebras priced their IPO at $185, raising an amount higher than the estimated range of $150 to $160 and selling 30 million shares in total while raising $5.55 billion according to Kiplinger. The IPO started trading as CBRS.
Cerebras’ stock peaked at the end of the first day at a closing price of $311.07, leaving the insiders’ shares locked till mid-November.
3. Zhipu AI
Zhipu AI was on the market in Hong Kong starting from January 8, when the price of shares was HK$116.20. The total amount received was HK$4.35 billion (approximately with the help of this IPO, Zhipu became the first company among LLM developers dealt on the stock market. The first day on the market was successful because of a rise of shares.
4. MiniMax
The next company was MiniMax. It was listed in Hong Kong on January 9. The amount raised was HK$4.8 billion. The closing price was HK$345, which is equal to two times more than the initial price only.
Which AI companies have filed for an IPO?
5. Anthropic
On October 26, Anthropic initiated its S-1 filing with plans to join Nasdaq under the ticker symbol ANT. The S-1 reveals revenues of $16.3 billion for the first two quarters of 2026 compared to $1.2 billion year-on-year. It also notes a net loss of $80.7 billion, with $72.4 billion attributed to changes in fair value not involving cash.
An additional filing earlier in November left both the price range and number of shares mentioned as blank. Reports indicate that the roadshow cannot begin until November 10, aiming for a market entry by November. Prior to going public, Anthropic’s last private valuation was estimated at $965 billion, and IPO expectations range between $1.5 trillion and $2 trillion.
Class A shares grant the shareholder one vote, whereas one share held by a founder gives that person 50,1% of the total votes. For details about Anthropic’s launch and billing changes in June, refer to our guide on Anthropic news and what it could mean for the IPO.
6. Nscale
Nscale has filed S-1 on 18th September to list on NYSE under the ticker “NSCL” with Goldman Sachs, JP Morgan, and Morgan Stanley as the leading underwriters. The company reported a revenue of $140.6 million in the first half of the year, with a net loss of $1.02 billion.
Nscale is said to be looking at valuation ranging as high as $35 billion, while some of the investors are looking at the valuation between $16 billion and $19 billion. Microsoft and Anthropic, account for almost 85% of the contracts of the company. Nscale has not yet disclosed the price range.
7. OpenAI (likely 2027)
According to a statement made by OpenAI on June 8, the company has confidentially filed a draft S-1. The company said that it is undecided about the timing of its plans and that the process would be easier as a private entity. Their existing valuation is $852 billion.
Sources state that OpenAI is planning for 2027 and that CEO Sam Altman is looking for a valuation of $1 trillion. Deliberation for a launch in 2026 is seen as improbable.
Which AI companies are planning an IPO?
8. Databricks (2027 at the earliest)
CEO Ali Ghodsi described the year 2026 as a bad time to be public on June 4. However, he also said that Databricks will eventually have an initial public offering. As of October, the company hadn’t filed a public S-1 form yet.
9. Lambda (2027 planned)
Lambda is raising as much as $4 billion at a $14.5 billion valuation. The media reports that this could turn out to be the last round of private funding before the firm goes public in 2027. In earlier reports, the company was targeting 2026.
10. Crusoe (no date set yet)
In August, Axios reported that Crusoe has held talks about going public with JPMorgan, Goldman Sachs, Morgan Stanley, and BofA. The company managed to raise about $3 billion at a $30 billion valuation but has not made a filing yet.
11. Cohere (no date set yet)
Cohere’s CEO has claimed that he is interested in going public soon, but the company has yet to file anything. It is, however, attracting private financing and has raised funding in a Series E round valued at about €22.9 billion. It is also merging with its German competitor Aleph Alpha.
What could delay these AI IPOs?
By the end of October, markets took a turn for the worse as both Intel and Alphabet reported disappointing earnings and investors started to have more serious doubts about the value of Anthropic. Also, CoreWeave lost near 25% of its market value this October, while Firmus of Australia canceled its IPO.
Aside from everything, the fact that SpaceX’s shares have dropped below the offering price has made investors even tenser. CoreWeave’s IPO slated for 2025 has opened the door for more AI companies to go public, as explained in an article about CoreWeave’s IPO.
How can you buy AI stocks from the 2026 IPO class?
You can now buy stocks of Cerebras and SpaceX with any brokerage. As for Anthropic share offerings, the company is reportedly preparing to offer its shares for sale via brokers such as Charles Schwab and Fidelity.
FAQs
Four have listed so far. Zhipu AI and MiniMax listed in Hong Kong in January, Cerebras listed on Nasdaq in May, and SpaceX, which owns xAI, listed on Nasdaq in June.
Probably not. OpenAI confidentially submitted a draft S-1 on June 8 but said it had not decided on timing. Reports say it is leaning toward 2027.
No public filing exists, and CEO Ali Ghodsi called 2026 a terrible year to go public. Reports point to 2027 at the earliest.
You can buy Cerebras and SpaceX shares through a broker today. Anthropic’s filing reportedly plans a retail allocation through brokers such as Charles Schwab, Fidelity and Robinhood. This is not financial advice.
