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Bank of America: Large IPOs from SpaceX and Anthropic may signal the "end" of the bull market
Golden Finance reports that on May 7, the latest warning from U.S. banks said that the IPO processes planned this year for SpaceX and Anthropic could lead some funds to withdraw from the U.S. stock market, which has long relied on large technology companies, and that this could signal the end of the bull market. If both companies go public, SpaceX’s valuation could exceed $2 trillion and Anthropic’s valuation could exceed $900 billion, implying a large influx of new stocks into the market. In response, U.S. banks said SpaceX and Anthropic may force funds to sell existing technology stocks. (Dongxin News)