Key IPO Developments for 2026
In 2025, the total number of initial public offerings (IPOs) exceeded 200, a significant increase from 150 in 2024, according to Renaissance Capital. Notably, both SpaceX and Kraken are preparing for IPOs in 2026, helping to set a promising outlook for the market.
SpaceX Details
Founded by Elon Musk, SpaceX plans to go public in 2026, aiming for a projected revenue of $22 billion to $24 billion, while currently generating around $15.5 billion in 2025. The company is valued at approximately $800 billion, with the IPO potentially exceeding $30 billion, making it the largest in history.
Kraken Financials
Kraken, a cryptocurrency exchange, has filed an S-1 as part of its IPO preparations. In Q3, the company’s revenue reached $648 million, more than double its sub-$304 million revenue in the same period of 2024. With a recent valuation of $20 billion, Kraken is looking to also expand into traditional stock trading.
