The biggest liquidity drain event around Elon's birthday so lets pray🙏 (not mentioning the private market drain of 500b before the IPO listing)

We’re about to witness three of the largest IPOs in history. SpaceX is targeting $1.5t. OpenAI aims for $1t. Anthropic is valued at $380b. Combined, $2.9t in market cap.
The scale is unprecedented. But the real problem isn’t the market cap. It’s the float.
Typical IPOs offer

Tomasz Tunguz

Twitter

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