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QuotesSep 21

IPO Watch

Private companies on the road to a public listing: where each one stands, its last private valuation, and what has to happen before it can list. Below them, the dates insiders at newly listed companies can start selling, and the latest sourced news on the names being watched.

ON THE WATCH LIST

Anthropic

Not disclosed
last private round
Private, Nasdaq IPO plannedIntelligence & Command

Reported on September 14, 2026 to have picked Nasdaq for a planned listing, and on September 15 to be moving forward with a $2 trillion IPO. The step reported before that was a $15 billion pre-IPO credit facility, which the coverage described as following SpaceX's own playbook of arranging a large revolver before going public. No filing date or listing date has been reported.

Metrics, catalysts and the pre-IPO warning

Axiom Space

$2.5B
last private round
Private, IPO reportedly plannedHabitation & Infrastructure

No filing exists yet, but The Information reported in June 2026 that Axiom is planning an IPO that could come within a year. The path to public markets runs through getting its first module on orbit and showing revenue beyond ISS missions.

Metrics, catalysts and the pre-IPO warning

Relativity Space

$6.5B
last private round
Pre-IPOLaunch & Transport

No formal IPO timeline announced. The company pivoted from the small Terran 1 to the larger Terran R; a public offering realistically follows a successful Terran R debut rather than preceding it.

Metrics, catalysts and the pre-IPO warning

Sierra Space

$8B
last private round
Pre-IPOHabitation & Infrastructure

No public filing has been announced and no date is set. Dream Chaser's first orbital flight is the catalyst that would open the IPO window; the timeline slipped after CEO Tom Vice departed in January 2025.

Metrics, catalysts and the pre-IPO warning

Stoke Space

~$9B
last private round
Private, $1B Series E closedLaunch & Transport

Still private and raising heavily rather than listing: it closed a $1 billion Series E in September 2026, taking its total raised to $2.3 billion. An IPO is unlikely before Nova demonstrates full-stack reusability.

Metrics, catalysts and the pre-IPO warning

A valuation here is the last private round, not a price you can trade. Pre-IPO shares reach retail through special-purpose vehicles (SPVs) with stacked fees; each company's page carries the warning. Nothing on SpaceDew is financial advice.

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