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0 pointsvincent_s6d ago0 comments

The amount of new shares for sale could be very large in those three IPOs:

SpaceX: up to $75B [1]

OpenAI: at least $60B [2]

Anthropic: more than $60B [3]

Together, that would be about $195B+ of IPO shares to buy.

For comparison, all U.S. IPOs together raised $44.0B in 2025 [4].

All IPOs in the world together raised $171.8B in 2025 [5].

So where should the money come from? Either from selling shares in other companies or from loaning money which would only make sense if the Fed brings back ZIRP.

[1] https://www.reuters.com/business/aerospace-defense/spacex-ta...

[2] https://www.reuters.com/business/openai-lays-groundwork-jugg...

[3] https://www.investing.com/news/stock-market-news/anthropic-c...

[4] https://www.renaissancecapital.com/review/2025USReview_Publi...

[5] https://www.ey.com/en_ie/newsroom/2026/01/global-ipo-market-...

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JumpCrisscross6d ago

> Together, that would be about $195B+ of IPO shares to buy...For comparison, all U.S. IPOs together raised $44.0B in 2025

Net buying of corporate equities by American households, trusts, funds and non-profits has averaged $660bn per year for the last few years [1].

[1] https://www.federalreserve.gov/releases/z1/20260319/html/f22... line 26, 2023 to 2025

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nonethewiser6d ago

>So where should the money come from?

Selling shares of other companies. If you think there isn't enough capital headroom, it's not SpaceX/OpenAI/Anthropic you should be worried about.

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