Can the stock market swallow SpaceX, Anthropic and OpenAI?
As it attempts to absorb billion-dollar giga-IPOs, investors should watch out for indigestion
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THEY promise to be the biggest stock-market debuts in history. On Thursday (Jun 11), SpaceX reportedly hopes to raise US$75 billion from investors by issuing shares that will begin trading on the Nasdaq exchange the next day.
Elon Musk’s rocketry firm will probably soon be followed by two other mammoth listings.
Anthropic, an artificial-intelligence lab, filed draft paperwork for its initial public offering on Jun 1. OpenAI, a competitor, is expected to do so soon.
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