Thomas Laffont, co-founder of Coatue Management, made a bold prediction at the All-In Liquidity Summit on June 4, 2026. He said IPOs from SpaceX, OpenAI, and Anthropic will collectively surpass the total exit value of all venture-backed companies from the past decade.
The "Magnificent 8"-SpaceX, Stripe, Anthropic, Databricks, Revolut, ByteDance, Anduril, and OpenAI-hold a combined valuation of nearly $4 trillion.
SpaceX is preparing an IPO targeting a valuation of at least $1.8 trillion, potentially raising $75 billion. That would be the largest IPO in history, dwarfing Saudi Aramco's roughly $25 billion raise in 2019. Anthropic has already filed a confidential S-1 signaling an imminent public debut. Coatue has significant positions in several of these firms, including Anthropic.
Laffont also shared data on the probability of reaching trillion-dollar valuations: companies that have crossed the $100 billion mark have a 31% chance of hitting $1 trillion.