The next 12 months are expected to bring a bumper crop of mega initial public offerings to market. Billionaire Elon Musk’s rocket, satellite and AI company SpaceX has reportedly filed for a potentially record-breaking offering. OpenAI and Anthropic PBC are expected to follow suit sometime in the near future, giving investors the opportunity to finally invest in some of the most groundbreaking — and maybe also overhyped? — companies in the world today.

History tells us to tread very, very carefully, both when investing in these companies and evaluating what they tell us about the stock market overall.

© Bloomberg