A new wave of tech IPOs is reshaping the market as Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX head to public markets together, testing investor appetite and valuations in 2026.

What happened: Multiple major tech companies from the MANGOS group (Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX) are entering public markets in the same window, marking a shift away from the FAANG dominance of the past decade.

Why it matters: This concentrated IPO activity represents a stress test for investors, valuations, and expectations around what a public tech company should deliver in 2026—a moment that signals where capital and confidence are flowing in the AI and infrastructure sectors.

What to watch: A $920 million（約1500億円）-per-month compute deal between Google and SpaceX underscores the competition for AI infrastructure leadership, and Waymo's use of Apple's abandoned self-driving technology as a proving ground shows how abandoned projects are being repurposed in the market.