Ed Yardeni Pushes Back on Fears That SpaceX, Anthropic and OpenAI Will ‘Suck the Oxygen Out’ of the Stock Market – Here’s Why

The president of Yardeni Research is dismissing fears that three major artificial intelligence (AI) companies going public – SpaceX, Anthropic and OpenAI – will cause a stock market liquidity drain.

In a new blog post, veteran strategist Ed Yardeni says that “we aren’t as concerned” as other analysts that the so-called “AI-3” are going to “suck the oxygen out of the rest of the stock market.”

Elon Musk’s rocket firm SpaceX is expected to go public on June 12th while Anthropic and OpenAI are also preparing for their initial public offerings (IPOs).

Yardeni says that based on IPO history fears of a liquidity drain are largely unfounded.

“In any event, the AI-3 should have no trouble raising $200 billion in the IPO market, which has financed $232 billion in new equity issuance over the past 12 months through April. During 2021, more than $450 billion was raised with equity IPOs.”