SpaceX (NASDAQ: SPCX) has recorded the largest IPO in history, debuting at $135 and soaring past $200 within days of trading. The company raised $75 billion, with only about 5% of its shares tradable at launch, creating a supply-demand imbalance. The lockup period for insiders is expected to end in August, potentially leading to a sell-off of shares worth millions.
Investors are looking forward to two upcoming IPOs from Anthropic and OpenAI, both of which have confidentially filed S-1s with the SEC. Market strategist Luke Lango suggests that companies positioned to support SpaceX’s infrastructure could yield significant returns as they absorb some of the freshly raised capital. Possible beneficiaries include GE Vernova (NYSE: GEV) and Caterpillar (NYSE: CAT).
With the anticipated IPOs of Anthropic and OpenAI, Lango sees potential volatility driven by investor rotations out of tech giants like Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN) into the direct shares of these firms. The expected rise and subsequent retracement of pre-IPO venture capital vehicles indicates a strategic timeframe for potential investors.
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