The global luxury industry, grappling with three years of lackluster sales, may gain relief from wealth generated by artificial-intelligence companies and their trillions of dollars of initial public offerings. Space Exploration Technologies Corp. made its $1.8 trillion debut last month, while Anthropic and ChatGPT creator OpenAI are preparing to list, and Databricks is another IPO candidate. The infusion from SpaceX and other potential IPOs could generate about $4 billion in additional US sales next year, according to Flavio Cereda of GAM Holdings AG, adding about 1 percentage point to projections of global luxury goods sales growth in 2027. The AI effect is reminiscent of the 2021 cryptocurrency boom, with second-hand watches proving popular; the market has recovered over the past year, and the AI wealth effect has contributed, according to WatchCharts CEO Charles Tian. Subdial co-founder Christy Davis noted more buyers from AI and tech worlds over the last six to 12 months. Luxury cars, art, and jewellery should also benefit, with Cie Financiere Richemont SA, owner of Cartier and Van Cleef & Arpels, as a natural home for AI riches. High net worth individuals account for about 60% of luxury spending, and the wealthiest will likely reach for Brunello Cucinelli SpA, LVMH’s Loro Piana, Chanel Ltd., and Hermes International SCA.