SpaceX and OpenAI Set for Historic IPOs in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 26 2026
0mins
Should l Buy META?
Source: NASDAQ.COM
- IPO Scale Expectations: SpaceX and OpenAI are planning initial public offerings (IPOs) in 2026, which are expected to be the largest in U.S. history, with SpaceX valued at $1.25 trillion and OpenAI at $852 billion, indicating high market anticipation for both companies.
- Financial Performance Warning: SpaceX reported a $5 billion loss in 2025 despite generating $18 billion in revenue, resulting in a price-to-sales (P/S) ratio of 69, while OpenAI's P/S ratio stands at 65, highlighting profitability challenges under high valuations.
- Historical Performance Analysis: Since 2000, nearly 4,000 companies have gone public in the U.S., averaging a 30% gain on their first trading day; however, stocks from large IPOs typically underperform, with median returns of -11% and -26% over three months and one year, respectively, urging caution among investors.
- Investment Strategy Recommendation: Although the IPOs of SpaceX and OpenAI are highly anticipated, historical data suggests that investors buying large IPO stocks on the first day often face poor long-term returns, advising a wait for a more reasonable entry point before investing.
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Analyst Views on META
Wall Street analysts forecast META stock price to rise
44 Analyst Rating
37 Buy
6 Hold
1 Sell
Strong Buy
Current: 616.810
Low
655.15
Averages
824.71
High
1117
Current: 616.810
Low
655.15
Averages
824.71
High
1117
About META
Meta Platforms, Inc. is building human connections, powered by artificial intelligence and immersive technologies. The Company's products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, augmented reality (AR), and wearables. It also helps people discover and learn about what is going on in the world around them, enabling people to share their experiences, ideas, photos, videos, and other content with audiences ranging from their closest family members and friends to the public at large. The Company's segments include Family of Apps (FoA) and Reality Labs (RL). FoA segment includes Facebook, Instagram, Messenger, WhatsApp and Threads. RL segment includes its virtual, augmented, and mixed reality related consumer hardware, software and content. Its product offerings in VR include its Meta Quest devices, as well as software and content available through the Meta Horizon Store.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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