The SpaceX IPO Domino Effect

SpaceX’s $75 billion offering will impact a lot more than just the employees and investors who are looking to cash in on their stock. It will also be a gauge of enthusiasm for tech IPOs, helping set the stage for other mega IPOs like Anthropic and OpenAI. 

If SpaceX’s IPO doesn’t take off, “you’d see a pullback in institutional capital that would have been available for other IPOs that want to go later this year,” said Ran Ben-Tzur, co-head of the capital markets and public companies group at law firm Fenwick. He said some of his IPO-bound clients are watching SpaceX with bated breath to decide if they will follow it on the path to public markets.