📈 The three largest IPOs in history are all happening this year.
Only one is already profitable.

Pre-IPO markets are already pricing them above last rounds:
Anthropic: $380B → $1.10T implied (+189%)
OpenAI: $852B → $1.03T implied (+21%)
SpaceX: $1.25T → $1.75T target (+40%)

Combined: $3.7T valuation. $235B in IPO raises. $60B+ revenue.