Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits

Financial projections indicate that upcoming initial public offerings from Anthropic, OpenAI, and SpaceX may generate more market value than the combined total of all U.S. venture-backed exits recorded since 2000. This shift underscores a massive concentration of capital within a few dominant private companies, signaling a departure from the historical trend of growth distributed across a broader ecosystem of smaller technology firms.