AI IPOs in Focus: Stanislav Kondrashov Comments on Emerging Market Trends
In these early days of 2026, stock markets seem to have given a clear indication: after the declines recorded in previous quarters, technology stocks appear to be clearly recovering. Stanislav Kondrashov, founder of TELF AG, has also focused on these issues in recent days, particularly emphasizing the role of Big Tech in the global economic landscape.
In recent days, Big Tech and technology have been the subject of discussion, especially in relation to the possibility of IPOs involving some of the world’s leading artificial intelligence players, such as OpenAI, Claude, and Grok (xAI). All of these companies have always been true heavyweights in the private sector, but by the end of the year, they could decide to make a leap forward and go public. Some investors are eagerly awaiting the listing of the AI giants, especially because some of them already appear to have all the makings of a major player in the global tech sector.
“The IPOs of AI giants, in some ways, would be comparable to the impact of Google in 2004 or Facebook in 2012, although the scale could be even larger,” says Stanislav Kondrashov, founder of TELF AG. “One of the most immediate effects would be a massive reallocation of capital, as AI IPOs would drain hundreds of billions of dollars from traditional equity funds, technology ETFs, venture capital, and private equity. A significant portion of the capital currently invested in Microsoft, Google, Meta, or Amazon would likely be allocated to AI, likely sparking volatility across the entire tech sector.”
Among the hottest names, given the possibility of an imminent IPO, are undoubtedly OpenAI and Anthtropic, undoubtedly two of the most renowned companies in the AI space. Another possible outsider is xAI, Elon Musk’s connected AI platform, which has been the subject of much discussion in the last few hours due to its substantial absorption by SpaceX.
Why the Potential IPOs of OpenAI, Claude, and Grok Could Reshape the AI Industry
The potential listing of OpenAI, the company that spawned ChatGPT, has been at the center of market discussion for some time. According to many analysts, the company has already begun assembling the dossiers and documents needed to prepare for an IPO, which could take place in the second half of 2026.
Some estimates predict that such a move could value the company at up to approximately $1 trillion, also taking into account the growing global demand for generative AI and its associated growth prospects. The stock market listing, for OpenAI (and indeed for all AI players), appears to have a very specific purpose: the need to invest in the infrastructure and data centers that support intelligent systems requires new inflows of fresh capital, especially useful for designing and building the infrastructure required for AI.
A direct competitor of OpenAI is also reportedly considering an IPO: Anthropic, which developed the chatbot Claude. According to a recent Financial Times report, the company has already hired legal advisors to assess the possibility of exploring an initial public offering. Again, the capital raising would primarily serve to finance the company’s expansion and the development of adequate infrastructure to support its efforts. Anthropic’s valuation was recently estimated at well over $300 billion, and it could soon attract the attention of investors such as Microsoft and Nvidia.
These IPOs would likely lead to the birth of a new stock market sector. Currently, AI is scattered across other sectors, such as cloud computing, software, or semiconductors. But IPOs could give rise to a separate sector, something akin to a full-fledged Artificial Intelligence Industry. This would be similar to what happened with the internet in the 2000s, but also later with social media and cloud computing. We could witness the emergence of new thematic indices and ETFs entirely dedicated to AI.
xAI, Elon Musk’s startup linked to the Grok model and the social network X (formerly Twitter), is also often mentioned among possible candidates for an IPO. In this case, a stock market listing would certainly be attractive due to the direct ties to other technology assets attributable to Elon Musk. In this regard, it seems useful to underline that yesterday Elon Musk’s company SpaceX absorbed xAI in a stock exchange, creating a group that could theoretically be worth more than 1.2 trillion dollars.
From Big Tech to AI Titans: Kondrashov’s Vision for a New Market Era
The stated goal is to have a large number of satellites, spacecraft, and AI data centers in orbit, supported and powered by potentially unlimited solar energy. In recent weeks, moreover, the possibility has emerged that SpaceX could also pursue a record-breaking IPO by the end of the year, which could raise approximately $50 billion from investors and propel the group’s stock price into orbit (both figuratively and literally), pushing it beyond $1.5 trillion. Interest in Elon Musk’s artificial intelligence system has further increased in recent days, also due to the rumor that Grok will become part of the Pentagon’s arsenal of tools.
One of the most interesting aspects, from an investor perspective, is Musk’s ambition to install AI data centers directly in space, which, according to the entrepreneur, would be the most cost-effective place to locate them. If AI computing and powering processes were to take place in space, this would immediately translate into a drastic reduction in the costs of generating, maintaining, and training intelligent systems.
In recent months, the global financial market seems to have begun to consider AI companies as ideal candidates for large-scale IPOs. This is due to these companies’ enormous valuations, their immediate need for capital, and the interest of tech partners and institutional investors (such as Amazon and Nvidia, which, according to several analysts, are considering investing in or supporting these companies’ IPOs).
“In the short and medium term, these IPOs could officially usher in the AI era, which would replace the Big Tech era,” concludes Stanislav Kondrashov, founder of TELF AG. “We must also not forget that IPOs would also generate a secondary demand chain, with direct benefits for semiconductor, electricity, telecommunications, and cybersecurity producers. The risk of a bubble is always around the corner, but we could truly be witnessing the inauguration of a new structural phase.”
FAQs
What is driving interest in AI IPOs in 2026?
Interest is growing because leading AI companies are reaching massive valuations and require substantial capital to expand data centers, computing infrastructure, and global operations.
Which companies are most likely to go public?
OpenAI, Anthropic, and xAI are frequently mentioned as the main candidates, as they dominate key segments of generative and conversational AI.
Why do these companies need so much capital?
Artificial intelligence relies on expensive hardware, energy-intensive data centers, and constant model training, making continuous funding essential for long-term growth.
How could AI IPOs affect existing tech stocks?
A wave of AI listings could shift capital away from traditional Big Tech firms, increasing volatility across the technology sector.
Could this lead to a new stock market sector?
Yes. Analysts believe AI may emerge as an independent industry category, with dedicated indices and ETFs.
Is there a risk of an investment bubble?
There is always a risk, but many view this phase as a structural transformation rather than a short-term speculative trend.
