Databricks targets a record $134 billion IPO

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What happened

Databricks is pursuing what would be the largest enterprise software IPO ever, with a reported target valuation of $134 billion. Analysts expect a filing in the second half of 2026. Databricks is described as the only profitable company in the current AI IPO pipeline, with about $5.4 billion in annual revenue growing 65 percent.

It would join a crowded pipeline that also includes SpaceX, OpenAI, Anthropic, and the recently public Cerebras.

Why it matters

The AI IPO pipeline is the largest in modern history. Combined demand from these firms could far exceed the entire 2025 US IPO market. That will test how much money public investors are willing to put into AI.

Databricks stands out for being profitable, which matters as investors grow more careful about AI companies that burn cash.

MintedBrain take

For people who follow the AI market, these IPOs are a key signal. They show whether public investors share the high hopes seen in private rounds. Databricks being profitable could make it a safer bet than peers. This is general information, not financial advice.

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References

This article was originally published at CNBC. For the full piece, read the original article.

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