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The record-breaking listing of SpaceX has prompted investors to eye new sectors for IPOs by 2026, marking a market inflection point focused on mega-cap offerings like SpaceX and OpenAI. UBS Group AG estimates the total US equity market value at approximately $72 trillion, forecasting solid but not exuberant equity issuance. Amidst this surge in AI-driven mega IPOs, smaller micro-cap offerings are increasingly vanishing from the stock market.