Sources say the combined proceeds from these three IPOs would outstrip the total proceeds from roughly 200 US IPOs in 2025.
Moonshot AI raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent also investing.
Moonshot AI raised a $500M Series C at a $4.3B valuation led by IDG Capital, with investments from Alibaba and Tencent.
Sources report SpaceX, OpenAI, and Anthropic could go public in 2026; combined, the three deals would exceed the total proceeds from about 200 US IPOs in 2025.
Chinese AI chip startup Biren raises about $717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively.