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Can the stock market swallow Anthropic, SpaceX and OpenAI?
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Can the stock market swallow Anthropic, SpaceX and OpenAI?
Beware of indigestion
They promise to be the biggest stock market debuts ever. On June 11, SpaceX hoped to raise $75 billion from investors, issuing shares that will begin trading on the Nasdaq exchange the next day. Elon Musk's rocket company will likely soon be followed by two other mammoth listings. Anthropic, an artificial intelligence lab, filed draft documents for its IPO on June 1; OpenAI, a competitor, is expected to do so soon. The two are rumored to be seeking up to $60 billion each. Together, the three giga-IPOs could add up to $4 trillion to the market value of listed U.S. companies in a matter of months.
