2026 is shaping up to be a potentially historic year for initial public offerings, with projections suggesting it could become the largest IPO year on record. Several high-profile companies are reportedly preparing to enter public markets, including SpaceX, which is rumored to be considering a record-setting IPO valued near $1.5 trillion. Artificial intelligence leaders OpenAI and Anthropic are also widely discussed as potential entrants, with valuations approaching $1 trillion. Elon Musk has even speculated that SpaceX could one day reach a $100 trillion valuation. Reports indicate SpaceX’s 2025 revenue may have totaled roughly $15.5 billion, driven largely by its rapidly expanding Starlink business.
To break down these developments and what they could mean for investors, FintechTV anchor Remy Blaire spoke with Justus Parmar, CEO of Fortuna Investments. Parmar shared insights on the accelerating momentum in both the space and artificial intelligence sectors as markets look ahead to 2026.
Parmar described the coming year as a rare opportunity for investors, particularly those focused on aerospace, technology, and commodities. He characterized 2026 as “a blockbuster year for IPOs,” citing favorable macroeconomic conditions such as easing interest rates and the strong performance of equity markets throughout 2025. Drawing on his close relationships with major financial institutions in New York, Parmar noted that investor appetite for large-scale, innovative offerings is building rapidly.
Discussing SpaceX specifically, Parmar highlighted the central role of Starlink in driving the company’s revenue growth. While satellite internet services now account for the majority of revenue, he noted that launch services remain a critical component of the business. According to Parmar, SpaceX’s revenue mix is roughly balanced, with approximately 60% coming from Starlink and 40% from launch operations. This diversification, he explained, underscores the company’s ability to execute complex technologies at scale while maintaining multiple income streams.
As attention turns toward a potential IPO, Parmar suggested that SpaceX could surpass the record set by Saudi Aramco to become the largest public offering in history. He emphasized that SpaceX’s technological ambition and long-term vision set it apart, presenting a level of opportunity for retail investors that has rarely existed before. The discussion around IPOs is also unfolding amid shifting geopolitical dynamics and the reemergence of strategic competition among global powers.
Parmar also addressed U.S. economic policy under the current administration, noting a renewed focus on energy independence and domestic resource development. He explained that regulatory streamlining and efforts to reduce barriers to resource extraction are intended to strengthen America’s competitive position while increasing reliance on domestic commodities.
These policy shifts, Parmar noted, have broad implications for national security and critical mineral supply chains. As the U.S. moves to maximize its own resources, dependence on foreign suppliers such as Venezuela and Greenland could diminish. He pointed out that America’s geographic advantages allow it to protect and develop its resource base, turning geopolitical uncertainty into long-term growth opportunities.
Returning to the investment outlook for 2026, Parmar urged investors to closely examine oil-related equities. While media attention has increased around global oil supply, particularly amid speculation about Venezuela’s production capacity, he cautioned that higher supply levels could weigh on prices. As a result, Parmar encouraged investors to look beyond traditional oil producers and consider industries that may benefit from lower energy costs. Sectors such as airlines, where fuel represents a major expense, could see margin expansion if oil prices decline.
Overall, the outlook for 2026 suggests significant opportunity across IPOs and broader capital markets, particularly in transformative industries like space exploration and artificial intelligence. Parmar’s analysis highlights the importance of understanding how macroeconomic forces, geopolitics, and sector-specific trends intersect. As innovation accelerates and new companies prepare to enter public markets, 2026 is poised to become a defining year for investors willing to navigate an increasingly complex but opportunity-rich financial landscape.
