Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
SpaceX, Anthropic, and OpenAI plan to raise up to $195 billion combined through IPOs, potentially adding $4 trillion to US market value.
SpaceX aims to raise $75 billion on June 11th for a Nasdaq listing, with Anthropic and OpenAI each seeking roughly $60 billion in separate IPOs. The three companies collectively could add as much as $4 trillion to the market value of listed American companies within months. The article's headline poses the question of whether the stock market can absorb these simultaneous giga-IPOs without disruption.
What HN community is saying
Commenters split on whether these IPOs signal a bubble or represent genuine value. Skeptics cite historical bubbles and note that companies appear to be rushing to IPO before funding dries up or market conditions deteriorate. Bulls counter that AI has achieved product-market fit, cite continuous corporate profit growth, and note that past bubble predictions (dotcom, housing) took years to materialize. One commenter flags that Anthropic claims $10-15 billion in added annual recurring revenue monthly, though another expresses skepticism about accounting. A practical note: the Bypass Paywalls Clean browser extension can circumvent The Economist's paywall.