Investors anticipate an end to the era of shrinking US stock supply as major companies like SpaceX and OpenAI prepare for massive IPOs. SpaceX is expected to raise up to $75 billion at a $1.75 trillion valuation, while OpenAI and Anthropic have already filed confidential registration statements. The combined capital raise from these tech giants is projected to exceed $160 billion, occurring alongside a slowdown in corporate share buyback programs.
