SpaceX, Anthropic, and OpenAI’s hot IPO summer

SpaceX、Anthropic 和 OpenAI 的火热 IPO 之夏

The IPO market is back, and it’s not the same companies leading the charge. FAANG had a good run, but a new acronym is taking over: MANGOS — Meta (or Microsoft, depending on who you ask), Anthropic, Nvidia, Google, OpenAI, and SpaceX. IPO 市场回归了，但引领潮流的不再是以前的那些公司。FAANG（脸书、苹果、亚马逊、奈飞、谷歌）曾经风光无限，但一个新的缩写正在取而代之：MANGOS——即 Meta（或微软，取决于你问谁）、Anthropic、英伟达、谷歌、OpenAI 和 SpaceX。

Half of that bunch is heading to public markets in the same window, and it’s a stress test for investors, for valuations, and for what we can even expect from a public tech company in 2026. 这其中的半数公司正计划在同一时期上市，这对投资者、估值水平以及我们对 2026 年上市科技公司的预期而言，都是一场压力测试。

On this episode of TechCrunch’s Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane break down what this IPO moment actually means beyond the headline numbers, and who stands to benefit. 在本期 TechCrunch 的《Equity》播客中，主持人 Kirsten Korosec、Anthony Ha 和 Sean O’Kane 深入剖析了这一 IPO 时刻在头条数字之外的真正含义，以及谁将从中受益。

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. 欢迎在 YouTube、Apple Podcasts、Overcast、Spotify 及各大播客平台订阅《Equity》。你也可以在 X 和 Threads 上关注 @EquityPod。