（有片）經湋論｜SpaceX, OpenAI & Anthropic IPOs in 2026 Why are they rushing for IPO? Is this another Dot Com bubble or not?

香港文匯報訊 過去幾個月，全球金融市場充斥著關於新一波超大型科技IPO的各種猜測。與人工智慧、航太技術、資料基礎設施以及前沿運算相關的公司，突然再次成為華爾街最炙手可熱的目標。

從OpenAI到Anthropic，甚至關於 SpaceX 未來上市的討論再度浮上檯面，投資人正目睹一件非凡的事：私人科技巨頭的估值已達到以往只有主權經濟體或百年工業巨擘才能擁有的水平。

據報導，OpenAI 在二級市場的討論估值已飆升超過 3000 億美元。Anthropic 則積極以越來越高的估值募集資金，背後有 Amazon 和 Google 等大型機構支持。與此同時，SpaceX 在私人資本市場持續稱霸，估值超過 3500 億美元，成為歷史上最有價值的私人公司之一。

但真正的問題是：為什麼這麼多科技獨角獸突然選擇現在準備上市？這是新科技超級週期的開始？還是我們再次進入類似千禧年網路泡沫的危險投機過熱時代？更重要的是——投資人應該參與這些IPO，還是等待熱潮冷卻？在這一集《經湋論》，讓我們一起深入探討這一全球現象背後更深層的政治、金融與經濟力量。

Over the past few months, global financial markets have been flooded with speculations surrounding a new wave of mega-tech IPOs. Companies associated with artificial intelligence, aerospace technology, data infrastructure, and frontier computing are suddenly becoming the hottest targets on Wall Street once again.

From OpenAI, to Anthropic, and even renewed discussions surrounding a future listing of SpaceX, investors are witnessing something extraordinary: private technology giants reaching valuations previously reserved only for sovereign economies or century-old industrial titans.

OpenAI’s valuation has reportedly surged beyond US$300 billion in secondary market discussions. Anthropic has been aggressively raising capital at increasingly higher valuations backed by major institutions such as Amazon and Google. Meanwhile, SpaceX continues to dominate the private capital market with an valuation exceeding US$350 billion, making it one of the most valuable private companies in history.

But the real question is this:

Why are so many technology unicorns suddenly preparing to go public NOW?

Is this the beginning of a new technological supercycle? Or are we once again entering another dangerous era of speculative excess similar to the Dot-com Bubble of the millennium?

And more importantly — should investors participate in these IPOs, or wait for the excitement to cool down?

In this episode, let us explore the deeper political, financial, and economic forces behind this global phenomenon.