Chris Josephs thinks SpaceX, OpenAI and Anthropic's IPOs will crash the stock market
“They’re going to need to raise $3T-$4T”
“One alone is the biggest IPO in history. Where’s all that money going to come from? There’s truly not enough money from institutions to be able to invest in these companies because they’re so hot”
“These three IPOs are going to liquidate all the other stocks, retail is going to get screwed. Everything’s going to fall 10-15% after”
“All the companies that hedge funds made money in, they’re going to have to sell out of those companies to invest in the new companies”
“Micron and Nvidia, they’re going to sell out of these companies to invest in the new companies but there’s not enough money”
Christie’s just held its Magnificent Jewels sale in Geneva earlier this month, and another sale this week in Hong Kong, where a jadeite necklace sold for about $25 million.