【三家公司5.2兆美元,超過45年科技股上市總和】🏷️
SpaceX、Anthropic 與 OpenAI 三家公司的估值合計約 5.2 兆美元,比 1980 到 2025 年之間 3,365 家美國科技公司掛牌時的市值總和 4.1 兆美元還要多。
這個對比之所以看起來驚人,是因為它比的是起跑線。4.1 兆是那 3,365 家公司上市第一天的市值,不是它們後來長成的樣子。微軟 1986 年掛牌當天市值 7.77 億美元,亞馬遜 1997 年是 4.38 億美元,兩家今天的規模都是當年的幾千倍,而這些後來的成長完全沒有被算進 4.1 兆裡面。
還有兩件事值得一起記住。歷史數字沒有做通膨調整,1980 年代的一美元和現在的一美元被直接相加。而 5.2 兆這一邊,Anthropic 用的是市場預期它掛牌時的價格,OpenAI 用的是私募市場正在談的估值,兩者都還沒有經過公開市場成交。
資料來源: Financial Times、佛羅里達大學 Jay Ritter 統計 (圖片來自 @glocalinvestor)
Three Companies Worth More Than 45 Years of Tech Listings
SpaceX, Anthropic and OpenAI are together valued at about $5.2 trillion, more than the $4.1 trillion combined market value of all 3,365 US technology companies that went public between 1980 and 2025.
The comparison looks startling because it measures starting lines. That $4.1 trillion is what those 3,365 companies were worth on their first day of trading, not what they grew into. Microsoft was worth $777 million the day it listed in 1986 and Amazon $438 million in 1997. Both are thousands of times bigger today, and none of that later growth is inside the $4.1 trillion.
Two other things belong in the picture. The historical figure is not adjusted for inflation, so a 1980s dollar is being added straight to a 2026 dollar. And on the $5.2 trillion side, Anthropic is counted at the valuation investors expect when it lists and OpenAI at the private valuation currently under discussion. Neither has cleared a public market yet.
Source: Financial Times and Jay Ritter, University of Florida (Image: @glocalinvestor)