AI IPOs seen exceeding 25 years of VC exits

Anthropic, OpenAI, and SpaceX are reportedly on track for IPOs whose combined value would exceed all U.S. venture-backed tech exits since 2000. The comparison underscores the scale of value AI companies are expected to create as they approach public markets.

Why it matters: It signals how concentrated near-term wealth creation in tech has become around a handful of AI companies.