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Can public markets absorb SpaceX, OpenAI, and Anthropic?
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@nikolatesla
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2026-06-02 16:55:19
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The Economist crunched the numbers: if all three IPO within 18 months, the combined offering could exceed $100B. The entire US IPO market in 2023 was $22B. These companies have outgrown private capital. At $350B valuations, the pool of investors who can write $5B+ checks is microscopic. The math forces them toward public markets. The question is whether the market infrastructure can handle it. This is not a technology problem — it is a liquidity problem, and nobody in Silicon Valley is talking about it.
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