A 40% market crash is lurking in the IPO pipeline. SpaceX and OpenAI could trigger it.

Center-Right: <a href="https://www.ft.com/content/9717a042-fd09-4d08-972d-29b68f7985a4" rel="noopener nofollow">OpenAI pitches ChatGPT ads to Cannes marketers ahead of IPO — www.ft.com
Center-Right: <a href="https://www.businessinsider.com/openai-anthropic-staff-plan-for-ipo-financial-windfalls-2026-6" rel="noopener nofollow">OpenAI and Anthropic employees are preparing for gigantic IPO windfalls. Here&#39;s what financial planners wish they knew. —
Center-Right: <a href="https://www.cnbc.com/2026/06/22/spacex-spcx-bond-sale-ipo.html" rel="noopener nofollow">SpaceX kicks off bond sale days after record IPO, discloses over $100 billion cash pile — www.cnbc.com
Center-Right: <a href="https://www.ft.com/content/c11d08ed-6668-4678-b829-1d50acbd12d4" rel="noopener nofollow">SpaceX sheds $400bn in market value as debut rally hits reverse — www.ft.com
Right: <a href="https://www.foxbusiness.com/real-estate/california-exodus-2-0-how-spacex-tech-ipos-could-trigger-next-massive-wealth-flight-florida" rel="noopener nofollow">California exodus 2.0: How SpaceX, tech IPOs could trigger the next massive wealth flight to Florida — www.foxbusiness.com

Source: www.marketwatch.com · Section: business-tech · Bias: Center · Published: Mon, 22 Jun 2026 22:18:00 GMT

Prior records for U.S. equity issuance came in 1929 and 2000 — and we all know what happened next.