Many big tech startups valued over $100 billion, called "hectocorns," may go public in 2026. OpenAI, Anthropic, SpaceX, and Stripe are among the top names considering initial public offerings (IPOs) this year. OpenAI’s valuation soared from $29 billion in 2023 to $500 billion last year, with expectations that it could reach $1 trillion if it launches an IPO. The company plans to invest $1.4 trillion over eight years in AI infrastructure and must convince investors it can repay this. Neil Wilson of Saxo Capital Markets said, "OpenAI is clearly the single biggest test for the entire AI economy, the bubble idea and whether it’s all built on sand." Anthropic, valued at $350 billion after a $10 billion fundraise, could also go public. Its employees’ links to the effective altruism movement might influence where IPO money flows if they cash out. SpaceX, valued at $800 billion, is preparing for a public listing, though timing and price are uncertain. Analyst Neil Wilson added, "SpaceX in particular is what retail investors are homing in on this year as it’s got the buzz and it’s Musk." Kraken, a major crypto exchange, filed IPO paperwork in November with a $20 billion valuation. Analysts say Kraken might hurry to go public before US midterm elections to avoid possible stricter crypto rules. Databricks, which helps build AI tools, saw revenue grow over 55% last year and reached a $134 billion valuation. Australian design firm Canva, valued at AUD 65 billion, and defence-tech company Anduril, backed by Trump-era defense spending, are also on the IPO radar but without set dates. UK mobile bank Monzo, with over 12 million customers, and Estonian ride-hailing rival Bolt, which posted losses in 2024, are weighing IPO plans amid market challenges. Stripe, a major online payments company, recovered to a $107 billion valuation last year after drops in 2023. These companies’ IPOs will test investor appetite for AI and tech stocks while global tensions and market shifts continue. Some firms have delayed listings due to prior US government shutdowns and regulatory changes, but optimistic investors still see AI as a hot sector. The success of these huge IPOs could influence the future of AI investment and signal whether the current market is stable or a bubble.