SpaceX needs to get to $5 quadrillion to rival mag seven magic

It’s not often that investors encounter something truly new in markets. But they will soon when Space Exploration Technologies Corp., OpenAI and Anthropic PBC go public with trillion-dollar valuations, or close to it. No company listed in the US has ever come to market so extravagantly priced — by a long shot.

All three are undeniably groundbreaking businesses with mindboggling potential in transformative fields. Companies with that profile typically demand a big down payment from investors for future growth.