US Top News and Analysis | Mega-IPOs could signal market top, say analysts as SpaceX and OpenAI prep record floats AI generated summary, Read the full article for complete information. Mega‑cap initial public offerings from SpaceX, OpenAI and Anthropic are slated for 2026 and analysts warn they could signal the market’s peak, echoing the late‑1990s dot‑com bubble. SpaceX’s June‑12 IPO, seeking a $1.75 trillion Nasdaq valuation, follows a recent $4.28 billion quarterly loss, with profitability limited to its Starlink unit while its AI division lost $2.5 billion and the company admits a history of net losses and heavy future capital needs. Both OpenAI and Anthropic also plan listings this year despite lacking any annual profit, prompting concerns over opaque business models, valuation risks (SpaceX would trade at roughly 67 times sales) and the broader impact if these AI firms fail to become profitable. Strategists such as John Blank (Zacks) and William de Gale (BlueBox) view the flurry of giant IPOs as a possible market top, urging caution as investors assess the uncertain economics of these rapidly growing but still unprofitable tech companies. Read more: https://www.cnbc.com/2026/05/22/ipo-flurry-top-market-analysts-ai-spacex-musk-altman.html #SpaceX #OpenAI #Anthropic #Nasdaq #JohnBlank