SpaceX, Revolut and Anthropic's $1 trillion valuation: what's important about the IPO by April 26

SpaceX admitted that the project of space data centers, for the financing of which its IPO is being prepared, may turn out to be unprofitable. Revolut will seek to achieve capitalization of $200 billion on the listing, waiting at least two years. Anthropic has overtaken OpenAI in value for the first time. The main events on the IPO market during the week are in our selection.

- SpaceX has warned that the project of its founder Elon Musk to create a network of data centers in space may not be commercially viable, writes Reuters with reference to documents for the IPO of the aerospace company. They indicate that plans to create orbital servers and settlements on the Moon and Mars "are in the early stages" of development and "involve significant technical complexity." Such data centers would face the "harsh and unpredictable environment of space," threatening them with failure. The cautious assessment in the confidential document contrasts with Musk's public optimism, Reuters notes. SpaceX intends to time its float to coincide with Musk's birthday in June and a parade of planets. The offering could reach $75 billion and the company's valuation could reach $1.75 trillion.

- Revolut will aim to reach a valuation of $200 billion when it goes public, the Financial Times writes, citing investors familiar with the London-based neobank's plans. Founder Nick Storonsky said this week that he plans an IPO no earlier than 2028. Placing shares on such terms would make him one of the richest people on the planet. In December 2025, Storonsky explained that his bonus package would allow him to own 40% of the company for $80 billion when it reached a capitalization of $200 billion. At the November 2025 investor round, Revolut was valued at $75 billion, with Nvidia joining the investor pool.

- One of the largest developers of quantum computers, Quantinuum, owned by industry giant Honeywell, has filed for an IPO in the US. Confidential documents were sent to the regulator in February 2026. Financial parameters are not disclosed, but the company was valued at $10 billion in September 2025. Quantinuum's technologies, which solve problems exponentially faster than supercomputers, are used by Airbus, BMW Group, HSBC and JPMorgan. The company was formed by merging Honeywell's Honeywell division with Cambridge Quantum in 2021. It is led by Intel veteran Rajib Hazra.

- The developer of nuclear microreactors X-Energy, in which Amazon invested, has raised $1.02 billion in its IPO in the U.S. The company placed 44.3 million shares at $23 on Nasdaq, 21% above the upper limit of the planned price corridor. Its market value at the end of the offering was $9.1 billion. Cathie Wood's Ark Investment Management fund planned to buy $105 million worth of X-Energy shares. The company creates advanced nuclear fuel and small modular reactors, with first deliveries scheduled for the early 2030s.

- Shares of Nvidia supplier Victory Giant Technology in China jumped 50% on the day of its debut in Hong Kong. On the gray market, Victory Giant shares soared 74% before the start of trading. The maker of printed circuit boards for AI servers raised $2.6 billion, making its IPO the largest in the city since September 2025. It listed at the maximum stated price and 37 anchor investors bought $997 million worth of shares. According to Bloomberg, the largest buyers included Jack Ma's entities, Morgan Stanley, Norway's oil fund, as well as BlackRock and Fidelity.

- Poland's Rex Concepts, a franchisee of Burger King restaurants in Central and Eastern Europe, has set its final IPO share price at 14 zloty ($3.86). That's down from the previously announced high of 17.5 zlotys ($4.82). The company will offer 1.2 million securities to retail investors and 34.35 million to institutional investors. The offering will total nearly PLN 498 million ($137.2 million), of which PLN 448 million ($123.4 million) will bring in new shares. Trading on the Warsaw Stock Exchange will begin on May 7. The funds will be used for business development, introduction of new brands and possible market consolidation.

- The valuation of the AI startup Anthropic, which is preparing to go public in the coming fall, has reached $1 trillion on the Forge Global OTC platform, Business Insider has found out. According to this indicator, the developer of chatbot Claude for the first time outpaced its main competitor - OpenAI, which is valued at about $ 850 billion. Participants of trades note the frenzied demand for Anthropic shares, fueled by the launch of AI-assistant for programmers Claude Code and other B2B-tools, and call the current price level "a complete game". According to Glenn Anderson, head of Rainmaker Securities, the hype around the startup is caused not by rational calculation, but by the fear of missing out on a "once-in-a-generation" investment opportunity in AI - venture capitalists and family funds want a stake in Anthropic, regardless of the cost.

This article was AI-translated and verified by a human editor