Major AI and tech firms are accelerating IPO preparations amid a strengthening public market and record private valuations. SpaceX filed a confidential S-1 in early April targeting up to $2 trillion, while Anthropic is in active talks for a potential October listing after raising capital at a $900 billion valuation. OpenAI is reportedly positioning for a late-2026 debut despite recent revenue shortfalls and ongoing legal challenges, with bankers already engaged. Databricks and Stripe remain candidates for 2026 windows depending on market conditions. These moves reflect competitive pressure among frontier AI labs to access public capital and liquidity, though timelines remain fluid given regulatory scrutiny, execution risks, and broader economic factors.