SpaceX And OpenAI Plan Massive IPOs

Reports in late January 2026 say SpaceX and OpenAI are preparing 2026 IPOs, with OpenAI reportedly targeting the fourth quarter. Reuters and Bloomberg say SpaceX is also considering mergers with xAI or Tesla ahead of a potential offering. Industry figures warn the moves could reshape capital structures and investor access, while raising questions about valuations, vertical integration, and competitive positioning.