It’s going to be an interesting period ahead. The market is going to struggle to absorb SpaceX, OpenAI, Anthropic and others. They’re just massive relative to typical IPOs. Maybe one can sneak through but not all. Someone is going to have to have a very bad day and it’s not clear who yet.
Separately there’s a big battle to keep these folks out of the S&P index, because many funds (some of whom are required to buy index stocks) think they’re horribly over valued and will tank once floating.
Separately there’s a big battle to keep these folks out of the S&P index, because many funds (some of whom are required to buy index stocks) think they’re horribly over valued and will tank once floating.
Get your popcorn ready.