Could the SpaceX, Anthropic, and OpenAI IPOs Trigger a 40% Stock Market Crash? Here's What the Data Says.

2026-06-30 11:50:00 ET

Talk of a potential 40% market crash is popping up in financial headlines these days, and it has enough surface logic to be taken seriously.

Space Exploration Technologies Corp. (NASDAQ: SPCX) , best known as SpaceX, just completed the largest initial public offering (IPO) in U.S. history, raising $75 billion at a $1.75 trillion valuation. Anthropic has confidentially filed for an IPO targeting $30 billion at a valuation of roughly $965 billion. OpenAI is expected to follow next year. As exciting as all these big-name IPOs might be, they could also trigger a big drawdown, according to financial commentator Mark Hulbert.

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