The article highlights a staggering statistic from the NCVA-PitchBook Venture Monitor report: the combined IPOs of SpaceX, Anthropic, and possibly OpenAI are expected to generate more value than every single U.S. venture-backed exit since 2000. With SpaceX already public at a $1.77 trillion valuation and both AI firms pushing into the trillions, the trio could top $4 trillion. For context, last year’s total U.S. IPO proceeds were just $70 billion. The article notes caveats like the exclusion of non-U.S. companies like Alibaba and the measurement of ‘value created’ versus cash. Still, this rivals giants like Google, Tesla, and Meta’s IPOs. Factors include companies staying private longer and AI’s capital-intensive training, which inflates valuations. Why it matters: This IPO explosion signals that AI is not just a tech trend but a fundamental economic shift, reshaping how capital markets value innovation and potentially rewriting the rules of venture investing.