SpaceX, Anthropic, and OpenAI Will Have Gargantuan IPOs Soon. That's Rocket Fuel for This Cryptocurrency.
These IPOs are bringing a lot of capital into the crypto sector via a brand new route that could have a beneficial spillover effect.
SpaceX, Anthropic, and OpenAI Will Have Gargantuan IPOs Soon. That's Rocket Fuel for This Cryptocurrency.
Overview
The market is bracing for the largest-ever run of public listings. SpaceX plans an initial public offering (IPO) in mid-June at a valuation near $1.7 trillion. OpenAI and Anthropic are sure to be queued up right behind it, with each circling the $1 trillion mark.
The traditional perspective is that these huge and highly in-demand offerings would suck liquidity out of the financial system, harming disfavored sectors, like crypto. But this time, there's a wrinkle that could make these IPOs into a powerful cocktail of growth for at least a few cryptocurrencies.
Details
Here's why that might be the case, and what you can do to get some upside if it plays out.
Source
Originally published at www.fool.com.
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