SpaceX vs. Anthropic: Which Is the Better IPO to Own?

SpaceX and Anthropic are set to be among the largest IPOs ever in 2026. SpaceX, which debuted in June with a $1.9 trillion market cap, is primarily driven by its profitable Starlink satellite internet business but faces challenges in its space and AI segments. Anthropic, planning an IPO this fall at a $2 trillion valuation, has achieved hyperbolic revenue growth (14x year-over-year to $11.5B in Q2) while remaining profitable, positioning itself as a leader in enterprise AI. The analyst recommends Anthropic as the better investment due to its stronger profitability and market position.