SpaceX IPO drives US IPO surge to $114 bn in H1 2026

U.S. companies raised about $114.1 billion through traditional initial public offerings in the first half of 2026, more than seven times the amount raised in the same period a year earlier. The market saw 65 IPOs through June 30, nearly double the 34 completed in H1 2025. A key catalyst was SpaceX’s record‑setting public debut, which alone raised $75 billion, accounting for a large share of total proceeds.

The energy sector also contributed significantly, pulling in $12.6 billion in the same period. Notable listings included Forgent Power Solutions ($1.51 billion) and SOLV Energy ($512 million), both positioned to supply power for AI‑driven data centers. Investors are seeking exposure to companies that can meet the growing electricity demand of AI and cryptocurrency operations, which together are projected to double data‑center consumption by 2026. Analysts note that the macroeconomic backdrop remains supportive despite challenges, and companies with strong growth stories and clear paths to profitability are best placed to capitalize on the open window.

Overall, the IPO market’s rebound reflects resilient investor appetite for high‑growth, technology‑focused businesses amid a volatile economic environment.