多个 IPO 被预期在 2026 年出现：据报 SpaceX 正计划在 2026 年上市，可能募资超过 300 亿美元；而 OpenAI 传闻在 2026 年下半年上市，估值可达 1 兆美元。作者想在 IPO 的「价格发现」之前先买到哪怕 1 股私募股权，尽管她也提到自己对 AI「泡沫」与 OpenAI 长期价值并非完全笃定。

二级市场平台在「理论上」可买，但数据显示几乎买不到。EquityZen 上，OpenAI 的受欢迎程度分数高达 98/100，但近期活跃度为 0/100，只能等待「有交易再通知」。Hiive 的门槛是净资产至少 100 万美元（不含自住房）或年收入 20 万美元以上，但 OpenAI 显示 0 listings、0 bids，且平台目前不促成交易。Nasdaq Private Market 报价 785.73 美元/股却没有货；另一家券商页面显示约 770 美元/股、买 1 股的总单量也只是 770 美元，但流程与限制仍让交易无法落地，呈现需求远大于供给。

动用人脉也解不开「最小票面」问题。大型投资人与机构（例如管理规模 120 亿英镑/160 亿美元的 Scottish Mortgage，且曾对 Anthropic 投资 9,100 万英镑）仍无法替作者弄到 1 股 OpenAI；Robinhood 的 token 被解释为衍生品，背后是其持有一个装有 OpenAI 可转债的 SPV，而非股票本身。唯一接近可行的路径是透过 SPV 认购，但最低承诺先是 100 万美元，之后又跳到 2,500 万美元；这凸显未上市市场的高摩擦、低成交量与退出不确定性，也说明「散户买 1 股」多半要等真正上市后才可能。

IPOs are expected in 2026: SpaceX is reported to be targeting an IPO that could raise over $30 billion, while OpenAI is rumored to seek a public listing in the second half of 2026 at a $1 trillion valuation. The author tried to front-run that by buying just one private share before any IPO price discovery, despite doubts about an AI “bubble” narrative.

Secondary platforms promised access but showed scarcity. On EquityZen, OpenAI’s popularity “market score” was 98/100 while recent activity was 0/100, and no deal appeared. Hiive—restricted to investors with $1 million+ net worth (excluding a home) or $200,000+ income—listed OpenAI with 0 listings, 0 bids, and no facilitated trading. Nasdaq Private Market quoted $785.73 per share but had none; another broker showed about $770 per share for a $770 one-share block, yet onboarding constraints still blocked execution, signaling demand far exceeding supply.

Personal outreach didn’t solve the minimum-size problem. Large investors and managers (e.g., Scottish Mortgage at £12 billion/$16 billion AUM, with a £91 million Anthropic investment) could not source a single OpenAI share; Robinhood tokens were described as derivatives tied to an SPV holding convertible notes, not equity. The only workable route offered was an SPV with a $1 million minimum that later jumped to $25 million, underscoring high friction, low volume, and limited exit options in unlisted markets—and why retail-style “one share” access is largely illusory until a true listing.