Wall Street celebrated SpaceX's historic $2 trillion IPO on Friday, but the spotlight now shifts to two artificial intelligence companies plotting their own public offerings. OpenAI and Anthropic have signaled intentions to go public this year, making their IPO timing decisions contingent on how investors receive Musk's rocket venture.

Both AI startups could command valuations near $1 trillion each, though neither regularly turns a profit. OpenAI generated roughly $13 billion in revenue last year while planning to burn through $100 billion over the next four years on computing infrastructure and research. Anthropic has similarly emphasized the capital-intensive nature of developing advanced AI systems.

The IPO market has remained choppy for a decade as private capital kept tech companies public longer than expected. However, SpaceX's strong opening suggests investors may prioritize growth and industry cache over immediate profitability. This shift could benefit AI companies with strong name recognition but questionable balance sheets.

Yet executives at both firms face a delicate balancing act. A blockbuster SpaceX debut helps validate the broader market, but overly enthusiastic performance could leave insufficient investor appetite for subsequent offerings. The real risk emerges if traders who bought SpaceX shares see valuations collapse, potentially scaring them away from future AI IPOs.