It is early January 2026, and the "January Omen" we just debunked is already being tested. While the first day of trading might be a "lie," the massive pipeline of companies waiting to go public this year is very real.
Following a cautious 2025, the 2026 IPO market is shaping up to be one of the most significant in a decade. We are moving out of the "speculation phase" of AI and into the "infrastructure and energy phase".
Here are the most anticipated stocks and IPOs to watch in 2026.
The Titan IPOs
SpaceX
Ticker Symbol: Rumored SPACE or SX
- What they do: SpaceX is the world leader in private aerospace and satellite internet (Starlink). This year is critical as the company aims for a $1.5 trillion valuation to fund the rapid scaling of its Starship program, which is essential for upcoming lunar logistics and Mars missions.
- Expected Price Range: Initial projections suggest an IPO price between $150 – $220 per share, though secondary market valuations are highly volatile.
OpenAI
Ticker Symbol: Rumored OAI
- What they do: The creators of ChatGPT and the leaders in Generative AI. 2026 is the year OpenAI transitions to a Public Benefit Corporation (PBC), balancing commercial growth with the mission of safe AI. They need massive public capital to fund "Project Stargate," a $100 billion data center initiative.
- Expected Price Range: Based on private secondary markets, shares are currently trading near $720, but the official IPO price is expected to be adjusted for a broader retail float.
The "Nuclear Renaissance" Stocks
Oklo
Ticker Symbol: OKLO
- What they do: Oklo develops Small Modular Reactors (SMRs) designed to provide carbon-free energy directly to industrial sites. This year is their "execution proof" year as they begin deploying units to solve the grid scarcity problem for AI data centers.
- Stock Price: Currently trading near $72.
- Expected Price Range: Analysts have set a 12-month consensus target of $103, with high-side estimates reaching $175.
Bloom Energy
Ticker Symbol: BE
- What they do: They manufacture solid-oxide fuel cells that generate on-site electricity. In 2026, Bloom is the primary beneficiary of "behind-the-meter" power demand, allowing tech giants to bypass the traditional power grid.
- Stock Price: Currently trading near $87.
- Expected Price Range: Consensus targets sit at $94, but bullish analysts see upside to $157 as their $5 billion partnership with Brookfield begins to scale.
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Constellation Energy
- Ticker Symbol: CEG
- What they do: The largest producer of carbon-free energy in the U.S. and a major nuclear operator. Their revival of Three Mile Island for Microsoft cemented them as the "Blue Chip" play for AI power.
- Stock Price: Currently trading near $353.
- Expected Price Range: Forecasts for 2026 average around $405, with high-end targets at $478 as earnings are expected to grow by over 27% this year.
Vistra
- Ticker Symbol: VST
- What they do: A massive integrated retail electricity and power generation company with a significant nuclear portfolio. 2026 marks their continued transition into a specialized "AI Energy" provider.
- Stock Price: Currently trading near $161.
- Expected Price Range: Analysts hold a 12-month target of $232, representing a significant forecasted upside of over 40%.
The Fintech & SaaS Backlog
Stripe
- Ticker Symbol: Rumored STRIP
- What they do: The payments infrastructure for the internet. 2026 is the "final countdown" for Stripe; after a decade of staying private, a stabilizing interest rate environment is finally forcing this whale into the public markets.
- Expected Price Range: Secondary market pricing suggests a share value around $36, targeting a total valuation between $90B – $120B.
Databricks
- Ticker Symbol: Rumored DBRX
- What they do: A "Data Intelligence" platform that allows companies to build their own AI models. With a $4.8 billion revenue run rate, their 2026 IPO is expected to be the largest software debut since Snowflake.
- Expected Price Range: Private shares are currently near $190, with an expected public valuation target of $135B+.
Canva
- Ticker Symbol: Rumored CNVA
- What they do: An online design platform that has successfully "democratized" professional graphics. Having hired the CFO who took Zoom public, Canva is aiming for a 2026 listing to take on Adobe directly.
- Expected Price Range: Based on its latest $42B private valuation, analysts expect an IPO price reflecting a $55B – $75B market cap.
The 2026 Watchlist: Quick Glance
| Company | Status | Key Focus | Target/Val |
| SpaceX | IPO Can. | Starlink | $1.5T |
| OpenAI | IPO Can. | Agentic AI | $1.0T |
| Oklo | Public | SMRs | $175 |
| Constellation | Public | Nuclear | $478 |
| Databricks | IPO Can. | Data Strat | $135B+ |
Why 2026 is "The Year of Execution"
The theme for 2026 is no longer just "growth at any cost." Investors in this year's crop of stocks are looking for profitability and power.
- Energy Scarcity: The "AI-Energy Nexus" will define the winners. If a company can't power its chips, it can't grow.
- Fiscal Stimulus: In the U.S., the One Big Beautiful Bill Act (OBBBA) is kicking in this year. Beyond social measures, it includes specific tax-efficient structures for infrastructure, potentially boosting corporate cash flows and fueling the bull market through the midterm elections.
- The IPO Pivot: We are seeing a shift away from "pre-revenue" tech toward scaled, cash-generative businesses that can survive a higher-for-longer interest rate environment.
Final Thoughts
As we move through the first quarter of 2026, the noise of the "first day" is already starting to fade. Whether it’s nuclear reactors powering LLMs or rockets establishing lunar supply chains, the companies on this list aren't just selling software—they are building the literal backbone of the next decade.
