Mega IPO Arms Race Heats Up: Markets Snapshot

SpaceX is seeking to raise $75 billion in a record breaking initial public offering, and could clear a path for more mega-listings. Firms such as Anthropic and OpenAI are expected to target double-digit billion-dollar IPOs of their own as the… SpaceX is seeking to raise $75 billion in a record breaking initial public offering, and could clear a path for more mega-listings. Firms such as Anthropic and OpenAI are expected to target double-digit billion-dollar IPOs of their own as the tech arms race heats up, catching investors’ seemingly unquenchable thirst for AI themes. The Opening Trade spoke with leading market voice on the optimism helping to boost tech sector momentum. (Source: Bloomberg)