Public Investors Missed the AI Growth, Baillie Gifford’s Singlehurst Says

Major AI and space tech firms like SpaceX, Anthropic, and OpenAI are poised for IPOs in mid-2026, following years of private growth. Baillie Gifford’s Peter Singlehurst warns public investors have already missed most of their valuation surges, as private markets captured early-stage gains. The shift reflects a broader trend where high-potential tech firms delay going public, limiting retail investor access to explosive growth phases. Singlehurst’s comments highlight the growing divide between private and public market opportunities in cutting-edge sectors like AI and aerospace. Analysts suggest this dynamic may reshape investment strategies, pushing more capital toward private equity and venture funds for early-stage exposure.