Insights

Weekly Market Commentary 5th June 2026

5 June 2026

This week Anthropic officially joined the AI IPO race as it filed the paperwork for a share listing in New York. With a target value of $1tn, this would make it the second blockbuster listing this year. OpenAI is also set to join the trillion-dollar listing club in 2026. SpaceX has announced the price for its shares in advance of its listing and is allocating a significant chunk of the listed shares (although a small portion of the total share capital) for retail investors. Musk has regularly tried to favour retail investors, who sometimes appear to operate as a fan club, as he sells his vision of the future. However, many retail investors will end up signing up for the SpaceX journey even without the direct share offering, as SpaceX and this year’s other mega IPOs are set for fast-track inclusion in many US equity index funds.