{"id":742365,"date":"2026-06-17T12:58:11","date_gmt":"2026-06-17T12:58:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/742365\/"},"modified":"2026-06-17T12:58:11","modified_gmt":"2026-06-17T12:58:11","slug":"after-spacex-the-anthropic-and-openai-ipos-are-next-here-is-what-asx-ai-investors-need-to-know","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/742365\/","title":{"rendered":"After SpaceX, the Anthropic and OpenAI IPOs are next. Here is what ASX AI investors need to know"},"content":{"rendered":"\n

Space Exploration Technologies Corp (NASDAQ: SPCX<\/a>) listed last week at US$1.75 trillion. <\/p>\n

It was the largest IPO in stock market history. And it is just the beginning.<\/p>\n

Anthropic is targeting<\/a> a December 2026 public debut at a forecast first-day market cap of approximately US$1.1 trillion, according to the most current forecasts. <\/p>\n

OpenAI, which filed its own confidential S-1 earlier this month, is expected to follow in early 2027 at a comparable valuation.<\/p>\n

Together, SpaceX, Anthropic, and OpenAI represent a combined public market value approaching US$4 trillion.<\/p>\n

For Australian investors who cannot buy any of these stocks on the ASX, the question is what it means for the companies they can buy. <\/p>\n

\"Robot<\/p>\n

Image source: Getty Images<\/p>\n

Why these IPOs matter for ASX investors <\/p>\n

The most important consequence of trillion-dollar AI IPOs is not the immediate share price movement in SPCX, Anthropic, or OpenAI.<\/p>\n

It is the reallocation of institutional capital that follows. <\/p>\n

When capital flows into public AI companies at these valuations, attention and money flow toward every company in the AI infrastructure supply chain, including those listed on the ASX. <\/p>\n

The AI thesis is being publicly validated at a scale never seen before.<\/p>\n

Three ASX stocks sit directly in the path of that validation. <\/p>\n

Betashares Space Industry ETF (ASX: RCKT<\/a>) <\/p>\n

The Betashares Space Industry ETF is already living proof of the thesis.<\/p>\n

The fund launched at $14 per unit on 12 May 2026, well before SpaceX listed. It surged approximately<\/a> 30% in the weeks leading up to the SpaceX IPO as anticipation built. <\/p>\n

This served to demonstrate how powerfully public AI IPOs move adjacent listed markets.<\/p>\n

RCKT holds 28 companies across the global space economy, with Rocket Lab and AST SpaceMobile as its two largest positions.<\/p>\n

SpaceX itself will take time to enter the index, but the attention the listing generates flows directly into RCKT’s holdings.<\/p>\n

As Anthropic and OpenAI approach their own listings later this year and in 2027, the same dynamic will play out across AI infrastructure stocks globally. <\/p>\n

For ASX investors, RCKT captures that excitement in a single trade.<\/p>\n

NextDC is Australia’s largest independent data centre operator and has the most direct relationship with the AI IPO wave of any ASX company.<\/p>\n

OpenAI is NextDC’s foundational customer for its<\/a> US$7 billion AI data centre campus in Western Sydney.<\/p>\n

When OpenAI lists publicly at close to US$1 trillion, that customer relationship may be permanently reframed.<\/p>\n

NextDC has already raised its FY 2026 capital expenditure guidance to between $2.7 billion and $3.0 billion as contracted utilisation surged 60% in the March quarter. <\/p>\n

Morgans carries a buy<\/a> rating on NextDC with a $19 price target, implying upside of approximately 36% from current levels.<\/p>\n

Macquarie Technology Group Ltd (ASX: MAQ<\/a>) <\/p>\n

Macquarie Technology Group plays a different but equally important role.<\/p>\n

Anthropic’s Claude platform is already being deployed by Australian government agencies and critical infrastructure operators who cannot use offshore AI infrastructure. <\/p>\n

Anthropic’s annualised revenue reportedly<\/a> crossed $47 billion in May 2026, and the company is on track to post its first operating profit in Q2 2026. <\/p>\n

As Anthropic’s public listing raises its enterprise profile globally, the demand for sovereign Australian AI infrastructure will only grow.<\/p>\n

Macquarie Technology is the primary beneficiary of that demand, backed by<\/a> a $200 million National Reconstruction Fund investment and 20 consecutive half years of operating income growth. <\/p>\n

Canaccord Genuity upgraded<\/a> MAQ shares following the NRF investment, predicting significant upside from current levels.<\/p>\n

The risks <\/p>\n

History offers a clear warning about mega-cap IPOs.<\/p>\n

According to Professor Jay Ritter’s updated<\/a> long-run IPO statistics, the average newly listed company underperforms its peers by approximately 8% per year over the five years following its debut. <\/p>\n

If Anthropic or OpenAI disappoint in their early trading sessions, the repricing could weigh on AI infrastructure stocks.<\/p>\n

Foolish Takeaway <\/p>\n

SpaceX has listed. Anthropic targets December. OpenAI follows in 2027.<\/p>\n

For ASX investors seeking exposure to the AI IPO wave without buying US-listed stocks, RCKT, NXT, and MAQ each offers a distinct way to participate.<\/p>\n","protected":false},"excerpt":{"rendered":"Space Exploration Technologies Corp (NASDAQ: SPCX) listed last week at US$1.75 trillion. It was the largest IPO in…\n","protected":false},"author":2,"featured_media":44288,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105,313],"class_list":["post-742365","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology","tag-trending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/742365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=742365"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/742365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/44288"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=742365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=742365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=742365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}