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.
They might be conflating the valuation of these three companies with one of the recent analyses that the presumed valuation of the current “AI Economy” is an order of magnitude over the valuation of the total wealth of the world.
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-...