This market will resolve to “Yes” if the official closing price for SpaceX’s market capitalization on its first trading day is above the value specified in the title. Otherwise, it will resolve to “No”.

If no IPO occurs by December 31, 2027, 11:59 PM ET, this market will resolve to “No”.

Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading.

>$1T

>$1.2T

>$1.4T

SpaceX IPO closing market cap above ___ ?

This market will resolve to the largest company in the world by market cap on June 30, 2026, as of market close.

The resolution source for this market will be a consensus of credible reporting.

NVIDIA

Apple

Alphabet

Largest Company

Largest Company end of June?

This market will resolve according to the company which owns the model which has the highest arena rank based off the Chatbot Arena LLM Leaderboard (https://lmarena.ai/) when the table under the "Leaderboard" tab is checked on June 30, 2026, 12:00 PM ET.

Results from the "Rank" section on the Leaderboard tab of https://lmarena.ai/leaderboard/text with the style control off will be used to resolve this market.

Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Google” would be ranked ahead of “xAI”). This market will resolve based on the company that occupies first place under this ranking system.

The resolution source for this market is the Chatbot Arena LLM Leaderboard found at https://lmarena.ai/. If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and resolve based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve based on another resolution source.

Anthropic

Google

OpenAI

Best AI Company

Which company has best AI model end of June?

This market will resolve to "Yes" if OpenAI's GPT-5.6 model is made available to the general public by the specified date (ET). Otherwise, this market will resolve to "No."

GPT-5.6 refers to a product explicitly named GPT-5.6, or a variant that is recognized as a direct successor to GPT-5.5, similar to the progression from GPT-5.1 to GPT-5.2. (e.g., GPT-5.7, GPT-5.8, etc., would qualify toward a "Yes" resolution to this market)
 
Qualifying releases of task-specialized models (e.g., GPT-Codex/Transcribe), cost-efficiency variants (e.g., Nano/Mini), or reasoning models of the o-series family will count for this market. Products labeled as a new flagship generation GPT-6 or similar will NOT qualify.

For this market to resolve to "Yes," a qualifying model must be launched and publicly accessible, including via open beta or open rolling waitlist signups. A closed beta or any form of private access will not suffice. 

The release must be either clearly defined and publicly announced by OpenAI as being accessible to the general public or otherwise made publicly accessible and explicitly labeled within the company’s official website. Labeling errors, placeholder text, or version names displayed on the website that do not correspond to a model that is actually accessible to the general public will not qualify.

The primary resolution source for this market will be official information from OpenAI, with additional verification from a consensus of credible reporting.

This market will resolve to "Yes" if OpenAI's GPT-5.6 model is made available to the general public by the specified date (ET). Otherwise, this market will resolve to "No."

GPT-5.6 refers to a product explicitly named GPT-5.6, or a variant that is recognized as a direct successor to GPT-5.5, similar to the progression from GPT-5.1 to GPT-5.2. (e.g., GPT-5.7, GPT-5.8, etc., would qualify toward a "Yes" resolution to this market)

Qualifying releases of task-specialized models (e.g., GPT-Codex/Transcribe), cost-efficiency variants (e.g., Nano/Mini), or reasoning models of the o-series family will count for this market. Products labeled as a new flagship generation GPT-6 or similar will NOT qualify.

For this market to resolve to "Yes," a qualifying model must be launched and publicly accessible, including via open beta or open rolling waitlist signups. A closed beta or any form of private access will not suffice. 

The release must be either clearly defined and publicly announced by OpenAI as being accessible to the general public or otherwise made publicly accessible and explicitly labeled within the company’s official website. Labeling errors, placeholder text, or version names displayed on the website that do not correspond to a model that is actually accessible to the general public will not qualify.

The primary resolution source for this market will be official information from OpenAI, with additional verification from a consensus of credible reporting.

July 31

June 30

June 15

GPT-5.6 released by...?

This market will resolve based on Anthropic's market capitalization at the closing price on its first day of trading.

If no IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO by June 30, 2026".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on Anthropic’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

No IPO by June 30, 2026

600B+

100–200B

Anthropic IPO

Anthropic IPO Closing Market Cap

This market will resolve based on SpaceX's market capitalization at the closing price on its first day of trading.

If no SpaceX IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO before 2028".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

2.0T+

1.8T–2.0T

1.6T–1.8T

SpaceX IPO Closing Market Cap (Lower Strikes)

This market will resolve to “Yes” if Donald Trump signs any federal legislation into law or performs any executive action that creates, authorizes, or directs a federal government review process for the public release of new artificial intelligence models by the listed date, 11:59 PM ET. Otherwise, this market will resolve to “No.”

A qualifying action must create a federal process for reviewing or approving the public release of new artificial intelligence models. A qualifying review process may apply to artificial intelligence models generally, only to models meeting specified criteria (e.g.capability, safety, cybersecurity, national-security, or other risk-based criteria), or to models selected for review at the discretion of the federal government.

Legislation or executive actions which create a group or committee responsible for overseeing artificial intelligence matters will only qualify if they explicitly create a qualifying review process.

Non-binding statements, proposals, unconfirmed reports, or federal review of artificial intelligence models solely for government procurement or internal government use will not qualify.

The primary resolution source will be official information from the United States federal government; however, a consensus of credible reporting may also be used.

May 31

Trump orders federal review of AI model releases by...?

This market will resolve to the second-largest company in the world by market cap on June 30, 2026, as of market close.

The resolution source for this market will be a consensus of credible reporting.

Second Largest Company

2nd largest company end of June?

This market will resolve based on Databricks' market capitalization at the closing price on its first day of trading.

If no IPO occurs by June 30, 2026, 11:59 PM ET, the market will resolve to "No IPO by June 30, 2026".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on Databricks’ first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

150–175B

100–125B

Databricks IPO Closing Market Cap

This market will resolve to "Yes" if SpaceX's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-5bc8aa2b-22b5-48cc-b54a-1310145b0a86/data?return_url=https://polymarket.com/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

This market will resolve to "Yes" if SpaceX's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-5bc8aa2b-22b5-48cc-b54a-1310145b0a86/data). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

↑$1.6T

↑$1.75T

↑$2.0T

Will SpaceX's valuation hit __ by June 30?

This market will resolve according to the public ticker symbol used by SpaceX in an IPO (Initial Public Offering) by December 31, 2027, 11:59 PM ET.

An official announcement from SpaceX that they will IPO under a specific ticker symbol will be sufficient to resolve this market.

If a ticker used by SpaceX in a qualifying IPO is a variant of a ticker symbol listed in this market group with additional letters to denote a specific class of shares, it will be considered to be that ticker (e.g. if SpaceX uses a ticker symbol of $MARS.A or $MARSA, this market will resolve to $MARS).

If SpaceX announces an IPO with multiple tickers that are not considered the same ticker under the previous rule (i.e. $MARS.A and $MARS.B would be considered the same ticker), this market will remain open until SpaceX’s first day of public trading and will resolve according to the ticker symbolizing the security class with the greatest market capitalization. Market capitalization is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If this also results in a tie, this market will resolve according to the ticker symbol that comes first in alphabetical order.

If SpaceX IPOs with a non-listed ticker, or does not IPO or officially announce an IPO and ticker symbol by December 31, 2027, 11:59 PM ET, this market will resolve to “Other.”

The primary resolution source for this market will be official information from SpaceX and the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

Note: In the event of an interruption in the course of the normal trading session on SpaceX’s first day of trading (e.g., a circuit breaker or half-day), the market will use the official closing price of the abbreviated session. If no such official closing price is published, the market will use the closing price on the next trading day for which an official closing price is published, treating that as the first day of trading for purposes of this market.

Other (incl $SPCX)

$SPAX

What will SpaceX's public ticker be?

This market will resolve to the largest company in the world by market cap on December 31, 2026, as of market close.

The resolution source for this market will be a consensus of credible reporting.

Largest Company end of December 2026?

900B–1T

No IPO before 2028

SpaceX IPO Closing Market Cap (Lowest Strikes)

This market will resolve to “Yes” if the U.S. District Court in the Northern District of California sides with Elon Musk in Elon Musk v. Sam Altman et al by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

If the case reaches a determination without settlement, the court will be considered to side with Musk based on the following criteria (in order of priority):

1. If Elon Musk receives a larger net monetary award than Altman et al (after offsetting any awards against the parties), the court will have sided with Musk. Compensatory damages, punitive damages, restitution, and statutory damages are included in monetary awards. Monetary awards do not include Attorney’s fees or other costs which are excluded from the monetary recovery calculation.

2. If there is no net monetary advantage for either party, the court will have sided with Musk if Musk prevails on claims seeking the largest amount of relief, in dollars, in the original pleadings of the case, as compared to Altman et al. If the relevant relief amounts are equivalent or can’t be determined, the court will have sided with Musk if Musk prevails on a greater number of primary causes of action than Altman et al. Procedural claims, discovery sanctions, and attorney's fee requests will not be considered primary causes of action.

3. If the case terminates without substantive judgment, the court will have sided with Musk if Altman et al voluntarily dismiss all claims against Elon Musk with prejudice. All other scenarios of termination without substantive judgment, including if there are no claims against Musk, will result in the court not siding with either party and will resolve this market to “No”.

If Elon Musk and Altman et al settle this case with a disclosed net payment to Elon Musk, the court will have sided with Musk. If Elon Musk and Altman et al settle this case with a disclosed net payment to Altman et al, this market will resolve to “No”. If Elon Musk and Altman et al settle this case with mutual releases and no disclosed payment direction, or if settlement terms are sealed and a consensus of credible reporting does not indicate payment direction within 7 days of the settlement announcement, the court will not have sided with either party and this market will resolve to “No”.

Additional notes:

If the court issues a default judgment in favor of Elon Musk, this market will use the listed criteria above for resolution. If the court issues a default judgment against Elon Musk, this market will resolve to “No”.

If the court issues a full summary judgment in favor of Elon Musk, the court will have sided with Musk.

A partial summary judgment will apply to resolved claims only, and remaining claims will proceed under the above listed resolution criteria.

A summary judgment on liability only will not constitute a court siding with either party until the damages are determined.

Mistrials with prejudice will be considered to be case termination and will be evaluated according to criteria 3 above.

Mistrials without prejudice, hung juries, or mistrials due to procedural errors will not constitute the court siding with either party. If retrial is ordered and occurs before December 31, 2026, 11:59 PM ET, resolution of this market will be based on the result of that retrial.

Any sua sponte judicial dismissal will be treated according to whether the dismissal is with or without prejudice. If unspecified, it will be treated as without prejudice.

This market applies only to trial-level case resolutions and does not include any appeals.

Only claims directly involving Elon Musk will be considered; third-party claims, interpleader actions, and claims between other parties will not be considered.

Procedural victories will not be considered as part of the court’s decision unless accompanied by substantive relief on the merits of the case.

Injunctive relief will only count as the court’s decision if it provides the primary relief sought in the original pleadings.

Case consolidation with other proceedings will not affect this market’s outcome unless the consolidated outcome directly resolves the dispute between Elon Musk and Altman et al.

If there are multiple defendants, the court must side with Elon Musk relative to the combination of all opposing parties. Joint and several liability awards will be attributed to Elon Musk based on Musk’s individual liability percentage. Cross-claims between co-defendants will not affect the court’s decision relative to Elon Musk.

The primary resolution source for this market will be official information from the relevant court; however, a consensus of credible reporting will also be used.

Will Elon Musk win his case against Sam Altman?

This market will resolve according to the company that owns the model with the highest arena rank based on the Chatbot Arena LLM Leaderboard (https://lmarena.ai/) when the table under the "Leaderboard" tab is checked on June 30, 2026, 12:00 PM ET.

Results from the "Rank" column under the "Text Arena | Overall" Leaderboard tab at https://lmarena.ai/leaderboard/text with style control on will be used to resolve this market.

Models will be ordered primarily by their leaderboard rank at the market’s check time. If two or more models are tied on rank, they will be ordered by their Arena score, including any underlying, unrounded, granular values reflected in the data below the leaderboard. If a tie remains, alphabetical order of company names as listed in this market group will be used as a final tiebreaker (e.g., if the two models are tied by exact arena score, “Google” would be ranked ahead of “xAI”). This market will resolve based on the company that occupies first place under this ranking system.

The resolution source for this market is the Chatbot Arena LLM Leaderboard found at https://lmarena.ai/. If this resolution source is unavailable at check time, this market will remain open until the leaderboard comes back online and resolves based on the first check after it becomes available. If it becomes permanently unavailable, this market will resolve based on another resolution source.

Top AI Company (Style on)

Which company has top AI model end of June? (Style Control On)

This market will resolve to the company that achieves the highest market capitalization in U.S. dollars based on the official closing price on its first trading day in 2026.

This market will resolve to a company that completes an Initial Public Offering (IPO) between January 1 and December 31, 2026, 11:59 PM ET.

Market capitalization is defined as the total number of outstanding shares multiplied by the closing share price on the first trading day.

If two or more companies have exactly equal highest closing market capitalizations, this market will resolve to the company whose listed name comes first alphabetically.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In case the respective company's primary exchange’s official listing page does not report in U.S. dollars, it will be converted to U.S. dollars using the U.S. Federal Reserve Board’s H.10 foreign exchange reference rate for the relevant currency pair on the company’s first trading day (https://www.federalreserve.gov/releases/h10/). If no such rate is available for the relevant trading day, the most recent previously published rate will be used. If the relevant currency is not listed, another credible exchange rate source will be used.

A listed company may resolve to "No" as soon as it becomes unable to complete an IPO, including due to acquisition, merger, or absorption by an entity that is already publicly traded.

In the event of an interruption in the course of the normal trading session on the respective companies’ first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

SpaceX

Largest IPO by market cap in 2026?

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by the listed date, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

December 31

This market will resolve to "Yes" if it is officially announced that Tesla, Inc. will be, has been, or is being acquired by or merged with SpaceX, or vice versa, by June 30, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

An announcement by Tesla or SpaceX within this market's timeframe will qualify for a "Yes" resolution, regardless of whether or when the announced acquisition/merger actually occurs.

Announcements of partial sales may count, as long as the acquiring company acquires a controlling interest in the other company. A “controlling interest” refers to a change in ownership sufficient to control the company’s strategic decisions (typically more than 50% of equity, or equivalent control via voting and governance rights). Transactions or investments that do not result in a transfer of controlling interest will not count.

The primary resolution source for this market will be official information from Tesla or SpaceX; however, a consensus of credible reporting may also be used.

Tesla and SpaceX merger officially announced by...?

This market will resolve based on OpenAI's market capitalization at the closing price on its first day of trading.

If no IPO occurs by December 31, 2026, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2026".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on OpenAI’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

No IPO by December 31, 2026

1.5T+

1.25T–1.5T

OpenAI IPO

OpenAI IPO Closing Market Cap

This market will resolve based on Anthropic's market capitalization at the closing price on its first day of trading.

If no IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".

Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day.

If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket.

Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used.

In the event of an interruption in the course of the normal trading session on Anthropic’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.

1.8T+

1.5–1.8T

1.2–1.5T

Anthropic IPO Closing Market Cap (Middle Brackets)

This market will resolve to "Yes" if Anthropic's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and December 31, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-3e197763-4ff8-4d8c-bd1f-cc2792937757/data?return_url=https://polymarket.com/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

This market will resolve to "Yes" if Anthropic's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and December 31, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on January 1, 2027, this market may remain open until 11:59 PM ET on January 4, 2027. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company's public market capitalization between the IPO or direct listing date and the end of the specified period.

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company's primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company's total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-3e197763-4ff8-4d8c-bd1f-cc2792937757/data). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

↑$1.1T

↑$1.25T

↑$1.5T

Anthropic Valuation

Will Anthropic’s valuation hit __ by December 31?

No IPO by December 31, 2027

400–600B

Anthropic IPO Closing Market Cap (Lower Brackets)

This market will resolve to "Yes" if Anthropic's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company’s public market capitalization between the IPO or direct listing date and the end of the specified period. 

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company’s primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company’s total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-3e197763-4ff8-4d8c-bd1f-cc2792937757/data?return_url=https://polymarket.com/finance/privates). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

This market will resolve to "Yes" if Anthropic's private market valuation, as measured by the NPM Price reported by Nasdaq Private Market, LLC (NPM) for any date between market creation and June 30, 2026, reaches or exceeds the listed amount. Otherwise, this market will resolve to "No".

NPM Prices are published for trading days only and are updated once daily at 1:00 PM ET on the following calendar day.

If NPM has not published relevant data for all business dates in the specified period by 1:00 PM ET on July 1, 2026, this market may remain open until 11:59 PM ET on July 4, 2026. If no further data is released by that time, the market will resolve according to the data available.

If NPM ceases publishing relevant data prior to the end of the specified period, this market will resolve based on the NPM data published for the period prior to the cessation of coverage, as well as any applicable public market capitalization data following an IPO or direct listing.

If the company completes an IPO or direct listing before the end of the specified period, this market will consider, in addition to the relevant NPM valuations published between market creation and the IPO or direct listing date, the valuation implied by the official IPO or direct listing price, and the company’s public market capitalization between the IPO or direct listing date and the end of the specified period. 

Public market capitalization will be determined using the highest/lowest official regular-hours trading price published for the company’s primary listed common equity on its primary exchange for any trading day during the specified period, multiplied by the company’s total outstanding common shares at the relevant time.

If the listed company merges with or acquires another entity and remains the parent company, no change to resolution methodology applies.

If the listed company is acquired, merges into another entity and is no longer the surviving parent company, or otherwise ceases to exist as an independent entity prior to the end of the period, only NPM valuations and applicable public market capitalizations achieved prior to completion of the transaction will be considered for resolution. No transaction, acquisition, or merger consideration will be considered for resolution.

The resolution source for this market is NPM data published here: (https://fe.secondmarket.com/companies/company-3e197763-4ff8-4d8c-bd1f-cc2792937757/data). The resolution source for any period following an IPO, direct listing, or relevant corporate action, will be official exchange trading data and publicly reported share counts.

Revisions to previously published NPM data made after their initial release will not be considered, unless made to correct clearly erroneous data.

↑ $1.1T

↑ $1.25T

↓ $875B

Will Anthropic’s valuation hit __ by June 30?

This market will resolve to "Yes" if OpenAI completes an Initial Public Offering (IPO) by the listed date ET, as confirmed by official company announcements and credible news sources. Otherwise, this market will resolve to "No".

The IPO refers to the first sale of stock by the listed company to the public on any recognized stock exchange.

If OpenAI is acquired by another company that is already public, this market will immediately resolve to "No."

The resolution source for this market is a consensus of credible reporting.

December 31, 2026

September 30, 2026

August 31, 2026

OpenAI IPO by...?

This market will resolve according to the calendar date (ET) on which Google's next Gemini Pro model is made available to the general public.

Any Gemini model released after market creation and labeled as "Pro" may qualify (e.g., gemini-3.2-pro, gemini-3.5-pro, or gemini-4.0-pro-preview). Gemini models labeled only as Flash, Flash-Lite, or another non-Pro variant will not qualify.

Products labeled as a GA promotion of an already-existing Preview model (e.g., gemini-3.1-pro-ga) may qualify.

A qualifying model must be launched and publicly accessible, including via open beta or open rolling waitlist signups. A closed beta or any form of private access will not suffice. The release must be either clearly defined and publicly announced by Google as being accessible to the general public or otherwise made publicly accessible and explicitly labeled within the company's official website. Labeling errors, placeholder text, or version names displayed on the website that do not correspond to a model that is actually accessible to the general public will not qualify.

The primary resolution source for this market will be official information from Google, with additional verification from a consensus of credible reporting.

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