Summary
From SpaceX to OpenAI and Stripe, a wave of elite private companies is nearing IPO readiness. This article highlights the most valuable and hyped names in the secondary market—and why their public debuts could reshape entire sectors like AI, fintech, and cloud.
Market Movers
- 📈 US FOMC RATE DECISION: Jun 18, 2025
📚 Deep Dive 📚
🚀 Future Titans of the Public Market: The Next Wave of Elite IPOs
Dear Clients,
As we navigate this shifting macro environment, one thing is becoming crystal clear: the IPO market is quietly heating up—and when it boils over, a new generation of dominant public companies is going to emerge.
We’re entering an era where private-market giants are preparing to meet public demand. These aren’t just startups—they’re the backbone of next-gen innovation. Here’s your inside look at the most sought-after venture-backed companies in the secondary market, many of which are being closely watched ahead of potential IPOs.
🔭 The Hottest Prospects in the Pipeline
SpaceX (Aerospace - $210B Valuation)
Elon Musk’s private space company is the crown jewel of the private markets. SpaceX dominates the secondary market as the most valuable venture-backed company. From Starlink to Mars missions, this IPO would likely be historic when it finally arrives.
OpenAI (AI - $157B Valuation)
The name needs no introduction. As the creator of ChatGPT, OpenAI is leading the generative AI revolution. With a valuation soaring past $150B, this company’s eventual public debut could rival the likes of NVIDIA or Meta in hype and scale.
Stripe (Fintech - $65B Valuation)
The gold standard in payment infrastructure for internet businesses. Stripe is reportedly IPO-ready and would be one of the largest fintech offerings ever. Demand is likely to be massive.
Databricks (Cloud & AI - $43B Valuation)
A critical player in data analytics and machine learning infrastructure, Databricks sits at the intersection of cloud and AI—two of the most investable trends of the next decade.
Anthropic, xAI (AI Safety & AGI - Combined ~$42B Valuation)
Founded by former OpenAI researchers (Anthropic) and Elon Musk (xAI), these companies are racing toward Artificial General Intelligence (AGI). The AI arms race is just beginning, and these names are hot property.
Epic Games (Gaming - $31.5B Valuation)
Creator of Fortnite and Unreal Engine, Epic isn’t just a game company—it’s a foundational platform for the metaverse and next-gen entertainment. Their IPO would be a huge moment for gaming stocks.
Groq, Cerebras (AI Chips - $2.8B+ Valuation)
While NVIDIA dominates AI hardware now, challengers like Groq and Cerebras are innovating rapidly. Expect this space to heat up as AI demands more custom silicon.
Figure AI (Robotics - $2.6B Valuation)
Robots that walk, work, and think. Backed by major investors, Figure is building general-purpose humanoid robots. In a world where labor shortages persist, this becomes more than science fiction—it becomes high-margin opportunity.
Canva (Design & Productivity - $40B Valuation)
The graphic design platform used by millions has quietly become one of the largest SaaS success stories. Canva is now moving into enterprise—an IPO would bring fresh energy into the productivity software space.
🔍 Why It Matters for Investors
Many of these names are already trading in the secondary markets—just not on public exchanges yet. Their entry into the public sphere could lead to:
• Massive capital inflows from institutional and retail investors.
• Re-rating of valuations across entire sectors (AI, chips, fintech, etc.).
• New leadership in the public markets beyond FAANG and Magnificent 7.
📈 Bottom Line: Get Ready for a Frenzy
When the IPO window fully reopens—and it will—this new class of companies could offer some of the most asymmetric upside we’ve seen in a decade. As your market guide, I’ll be tracking each move closely to help you position early, wisely, and confidently.
We haven’t seen anything yet. Let’s stay sharp, - Carlos G. CEO GAR Capital