**Will AI Giants' IPOs Shake Financial Markets?**

Some fear the IPOs of **SpaceX**, **Anthropic**, and **OpenAI** this year could trigger a US market crash, recalling the dot-com bubble burst.

The five largest dot-com IPOs raised only **0.0032%** of US market cap while Nasdaq soared from 500 to 4750. The crash followed founders unlocking shares 6-12 months after IPO peaks, suggesting a similar delay before AI IPOs impact markets.

Together, these AI IPOs aim to raise at least **$220 billion**, about **0.33%** of the **$68 trillion** US market cap - over 100 times more than dot-com IPOs combined. 
**
Google** has already issued **$85 billion** in shares to capitalize on current liquidity.

**The key question: will the market react immediately or after the lockup period ends?**

**[@futures](https://t.me/futures)