SpaceX could be just the beginning.
ARK's new analysis covers the initial public offering (IPO) wave we believe is building behind the headlines. The ARK Venture Fund holds positions in six companies with active IPO timelines. Each of them reached public market scale while still private.
The questions we are hearing from investors:
• Is this a one-time event or the start of a broader wave?
• Which companies are next?
• What does pre-IPO access actually mean for returns?
• How is the ARK Venture Fund positioned across the pipeline?
As of Q1 2026, OpenAI crossed $25 billion in annualized revenue. Anthropic just confidentially filed. Databricks is preparing for its own listing.
Access to the ARK Venture Fund starts at $500 via SoFi or Titan.