SpaceX filed for what could be the largest IPO in history, but ARK believes it is not the only one. Investors should also focus on what comes next.
We have been tracking this pipeline for years. The ARK Venture Fund holds positions in six companies with active IPO timelines. Each of these reached public market scale in private markets.
The median age of a US company at IPO has reached 12 years, up from 5 in 1999. The window where the most value is created is increasingly happening before a company lists.
ARK’s Global Head of Commercial Strategy Renato Leggi published a full guide on the potential IPO wave and how we are positioned. I would encourage anyone evaluating this opportunity to read it.
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.