GoKawiilA SpaceX Falcon 9 rocket carrying the company's Dragon spacecraft is launched on NASA's SpaceX Crew-12 mission to the International Space Station with NASA astronauts Jessica Meir, Jack Hathaway, ESA (European Space Agency) astronaut Sophie Adenot, and Roscosmos cosmonaut Andrey Fedyaev onboard, on Feb. 13, 2026 from Cape Canaveral Space Force Station in Florida.
A flurry of initial public offerings from mega-cap companies this year could mark the top of the market, strategists said, drawing parallels with the late-1990s dot-com bubble.
SpaceX's hotly anticipated IPO, confirmed in a regulatory filing on Thursday and expected on June 12, could mark the largest float in history. Elon Musk's firm is targeting a valuation of $1.75 trillion on the Nasdaq.
Meanwhile, OpenAI and Anthropic have also announced their intentions to go public later this year.
All three companies are yet to generate an annual profit, though Anthropic is expected to post its first-ever profitable quarter in its upcoming earnings.
But analysts regard each firm's business model as opaque in nature of their business models, leading some to urge caution from investors looking to buy at IPO.
"I see it as a market top," John Blank, chief equity strategist at Zacks, told CNBC's Squawk Box Europe on Thursday.
"Everybody knows the top is pretty close to being around and usually it is advertised by these giant IPOs. Back in 1999, we saw the same kind of thing where people were just rushing to get these IPOs out."