Anthropic is about to go IPO in November; its 3q26 revenue is ~$16.8bn, up 45% qoq. With target valuation rumored around $1.5-2 trillion, it can raise $75 billion or more with 5% dilution.
SpaceX raised $75bn in its IPO in Jun.
Google raised more than $40bn in Jun, including $10bn from Berkshire, $15bn in equity (upsized to $18bn) and $15bn in convertible bonds (upsized to $16.75). Google has another $40bn ATM equity offering that it hasn’t raised.
Meanwhile, Meta said it plans to raise up to $95 billion in equity.
OpenAI is closing in on a private funding round of up to $30 billion at a pre-money valuation of $1.25 trillion.
DeepSeek just raised approximately $15 billion (about 100 billion yuan) in its private funding round.
For 2026 through September, US public equity market raised $355.1bn.
To compare, US public equity market raised $300bn in 2000, or 3% of US GDP.
If add public and private equity raise, 2000 equity raise reaches 4% of GDP.
Currently, if 4q26 equity raise reaches $400bn, it will make 2026 private+public equity raise exceed 4% of US GDP.
So far, notable deals already push the number to over $1.1 trillion of 3.5% of US 2026 GDP.
Historically, 3% is not common; 4% or near 4% can be dangerous.
