Goldman and Morgan Stanley vie for OpenAI and Anthropic IPOs

Crypto Insight Summary: * OpenAI and Anthropic are targeting IPOs at valuations approaching $1 trillion, setting up a race for some of the largest public listings in history. * Along with SpaceX, the three offerings could raise between $150 billion and $195 billion, potentially draining capital from smaller IPOs and testing market liquidity. * Goldman Sachs and Morgan Stanley are competing for lead underwriting roles, with the deals expected to generate hundreds of millions in fees and boost trading revenues. **The two largest tech companies in IPOs will battle for first place in what might become the biggest ever public listings on Wall Street as OpenAI and Anthropic each attempt IPOs at an eye-watering $1 trillion valuation.** The combined three IPOs will be the first to raise over $195 billion from institutions in such close succession, a flood of funding demand that could draw flows away from other deals and test the capacity of world markets to digest consecutive multitrillion-dollar listings, Reuters reports. Goldman Sachs and Morgan Stanley have both been confirmed by Fortune as key bookrunners on the two mega-IPOs by the world’s two largest AI companies. Goldman had already secured the lead underwriter position in SpaceX’s $75 billion stock issuance, set to take place on June 12th. The bank has recorded an 18% increase in sales and trading revenue from last year, hitting a record $41.5 billion, per Fortune. [Morgan Stanley saw](https://www.cryptopolitan.com/morgan-stanley-galaxy-digital-crypto-etp/) a 17% growth in the same area, bringing its total up to $33.1 billion. The global IPO market is currently running above capacity, with IPOs reaching around $87.5 billion by late May 2026, per Reuters, the highest level since 2021. A combined offering from SpaceX, [OpenAI](https://www.cryptopolitan.com/openai-files-for-ipo/), and Anthropic is estimated by the market to be around $150 billion to $195 billion based on deal sizing and time to market. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Mega IPOs may divert liquidity from crypto markets but AI firms' direct crypto ties are minimal.