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A New IPO Era Trillion-Dollar Valuations Without Profits
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A New IPO Era: Trillion-Dollar Valuations Without Profits

by Oguz BuyukyildirimApril 23, 2026April 23, 2026

The U.S. technology market may be approaching a new kind of public offering cycle, defined by a wave of trillion-dollar tech IPOs. SpaceX, OpenAI, and Anthropic are all being discussed at valuations that sit at or near the trillion-dollar threshold, even though none of them has established sustained profitability. For investors, this is more than […]

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