SpaceX and Cerebras dominate 2026 IPOs, SaaS stalls
U.S. tech startups have raised almost $90 billion in IPOs so far in 2026, but 83% went to SpaceX alone and another 6% to Cerebras Systems. That leaves less than $10 billion for all other companies combined. About a quarter of this year's IPOs came from energy startups, including Fervo Energy and several nuclear ventures. SaaS companies mostly sat out.
- SpaceX took 83% of tech IPO funds this year
- Cerebras Systems accounted for another 6%
- Just 21 other venture-backed tech IPOs happened
- Enterprise software firms avoided IPOs
- Energy and nuclear startups saw stronger IPO activity
Sources covering this
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