{"id":59348,"date":"2026-06-02T15:15:13","date_gmt":"2026-06-02T15:15:13","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/59348\/"},"modified":"2026-06-02T15:15:13","modified_gmt":"2026-06-02T15:15:13","slug":"spacex-anthropic-openai-ipos-loom-will-they-drain-liquidity-amazon-com-nasdaqamzn","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/59348\/","title":{"rendered":"SpaceX, Anthropic, OpenAI IPOs Loom: Will They Drain Liquidity? &#8211; Amazon.com (NASDAQ:AMZN)"},"content":{"rendered":"<p class=\"block core-block\">Anthropic PBC filed confidentially for an initial public offering on Monday at a $965 billion valuation, completing a trio of mega-listings alongside SpaceX and OpenAI. Together, the three companies could carry a combined market value of $4 trillion to <a href=\"https:\/\/www.benzinga.com\/topic\/stories-that-matter\" target=\"_blank\" rel=\"nofollow noopener\">$5 trillion once public.<\/a><\/p>\n<p class=\"block core-block\">Some investors are nervous. After all, three of the largest equity offerings ever are landing within months of each other. That will <a href=\"https:\/\/www.businessinsider.com\/spacex-ipo-anthropic-openai-stock-etfs-index-inclusion-rules-ai-2026-5\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">soak up the cash<\/a> that holds everything else up, they argue. <\/p>\n<p class=\"block core-block\">Veteran strategist Ed Yardeni says the worry is misplaced. He laid out the math in a client note on Monday.<\/p>\n<p class=\"block core-block\">\u201cThe combined market value of these three companies is widely expected to total $4 trillion to $5 trillion once they go public,\u201d Yardeni wrote. \u201cThe capital being raised is around $200 billion.\u201d<\/p>\n<p>Valuation Is Not The Same As Fundraising<\/p>\n<p class=\"block core-block\">At first glance, a $5 trillion wave of listings sounds like a vacuum capable of pulling money out of every corner of the market. But a company\u2019s market value counts every share that exists. The cash it raises is only the slice it actually sells to the public.<\/p>\n<p class=\"block core-block\">That slice is what hits the market: roughly $200 billion spread across three deals over several months. And the market it is landing in is enormous. The Wilshire 5000, a benchmark to gauge the overall health of the entire U.S. stock market, carries a market capitalization of roughly $75.6 trillion. The S&amp;P 500, alone, is worth nearly $60 trillion.<\/p>\n<p class=\"block core-block\">Set against that, U.S. equity markets already financed $232 billion in new stock issuance over the twelve months through April, and more than $450 billion was raised during the 2021 boom. <\/p>\n<p>How Much Stock Is Actually For Sale?<\/p>\n<p class=\"block core-block\">Even $200 billion may overstate it, because the public is being offered remarkably little.<\/p>\n<p class=\"block core-block\">A company\u2019s free float is the portion of its shares that actually trades hands in public. The rest stays locked with founders, insiders and early backers, off the market entirely.<\/p>\n<p class=\"block core-block\">\u201cSpaceX is only floating roughly 4.3% of its shares to the public,\u201d Yardeni wrote, adding that the other two are likely to provide \u201crelatively puny free float.\u201d<\/p>\n<p class=\"block core-block\">The contrast with today\u2019s market leaders is stark. <\/p>\n<p class=\"block core-block\">The Magnificent Seven command roughly $24 trillion in combined value, with public ownership running from 81% to 98% of their shares.<\/p>\n<p class=\"block core-block\">For most investors, owning Amazon has been the closest thing to owning the AI-3 before the AI-3 became stocks.<\/p>\n<p class=\"block core-block\">So these companies may wear trillion-dollar price tags while the amount of stock anyone can actually buy stays small. A huge valuation does not require a huge amount of buying.<\/p>\n<p>The IPOs Could Bring New Money In, Not Drain It Out<\/p>\n<p class=\"block core-block\">There is also a case that these listings add fuel rather than burn it.<\/p>\n<p class=\"block core-block\">Yardeni indicates that 62% of U.S. adults already owned stock last year, and that assets held in individual retirement accounts likely top $20 trillion. <\/p>\n<p class=\"block core-block\">Households ended last year with a record 36.8% of their net worth and 47.1% of their financial assets in equities.<\/p>\n<p class=\"block core-block\">The pull of artificial intelligence could draw fresh retail money into the market rather than simply reshuffling what is already there. <\/p>\n<p class=\"block core-block\">Brokers have already begun inviting clients into the SpaceX deal \u2014 retail access on a scale unusual for a listing this large.<\/p>\n<p>The Real Risk Isn\u2019t Liquidity: It\u2019s The Price<\/p>\n<p class=\"block core-block\">If there is a reason to worry, it is not where the money comes from. It is what investors are paying for.<\/p>\n<p class=\"block core-block\">By Yardeni\u2019s tally, the combined 2025 losses of the three companies topped $25 billion, with much of their projected value tied to AI markets that do not yet generate revenue.<\/p>\n<p class=\"block core-block\">The bet is not on this year\u2019s numbers. It is in the next decade.<\/p>\n<p class=\"block core-block\">Wall Street looks far less worried about finding the money than about how much it will ultimately pay for the next generation of AI champions. That question does not have an answer yet.<\/p>\n<p class=\"block core-block\">Image: Shutterstock<\/p>\n","protected":false},"excerpt":{"rendered":"Anthropic PBC filed confidentially for an initial public offering on Monday at a $965 billion valuation, completing a&hellip;\n","protected":false},"author":2,"featured_media":59349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8811,7910,34412,8374,9180,8789,27984,5894,5892,157,5891,7706,34413,7914,8114],"class_list":["post-59348","post","type-post","status-publish","format-standard","has-post-thumbnail","category-openai","tag-category-analyst-color","tag-category-analyst-ratings","tag-category-econ-s","tag-category-equities","tag-category-ipos","tag-category-large-cap","tag-category-space","tag-category-top-stories","tag-cms-wordpress","tag-openai","tag-pageisbzpro-bz","tag-symbol-amzn","tag-tag-ed-yardeni","tag-tag-expert-ideas","tag-tag-stories-that-matter"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/59348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=59348"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/59348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/59349"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=59348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=59348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=59348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}