economy
Databricks CEO: 2026 is a Terrible Year to Go Public
Databricks CEO Ali Ghodsi said 2026 is “a terrible year to go public” as SpaceX, Anthropic, and OpenAI prepare to absorb over $200 billion in IPO capital. The $134 billion data company will wait for a quieter window.
TL;DR
- Databricks CEO Ali Ghodsi believes 2026 is a poor year for IPOs due to anticipated large offerings from SpaceX, Anthropic, and OpenAI.
- These companies are expected to collectively raise over $200 billion, potentially consuming a large share of investor capital.
- Databricks, valued at $134 billion, will wait for a quieter market window to avoid being overshadowed.
- Ghodsi wants to avoid the valuation traps seen in 2022 and seeks a fair valuation for future growth.
- The primary motivation for the IPO is to provide liquidity for employees.
- Other potential IPO candidates valued below $500 billion may also be crowded out.