A look at the biggest AI players barreling toward huge Wall Street debuts

In a bid to access more capital for AI, tech giants are looking to take their shares public.

Elon Musk departs after a welcome ceremony with President Donald Trump and China’s President Xi Jinping at the Great Hall of the People, Thursday, May 14, 2026, in Beijing. [Photo: Mark Schiefelbein, File/AP Photo]

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the technology’s future.The amount of money involved in building and maintaining artificial intelligence models, the pursuit of artificial general intelligence that can surpass humans at many tasks, and widespread AI adoption all have led to an air of excitement around the technology that has helped lift the stock market to record highs.“These companies are now burning through cash to win the AI race, and public equity is the cheapest source available, particularly in a rising interest rate environment,” said Michael Field, chief equity analyst at Morningstar.But amid the billions — even trillions — at stake, worries about an AI bubble are looming in the background. Some experts fear tech companies and venture capitalists are pouring too much money into a still-nascent and unproven technology.For now, though, the market........

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