AI-Driven IPO Wave Reverses Stock Scarcity, SpaceX at the Forefront

A Bloomberg feature argues that after years of shrinking public float, the U.S. stock market may soon see a surge in equity issuance—IPOs, secondary offerings and other share sales could add about $1.5 trillion to the market over the next two years, potentially reversing a long-standing tailwind. SpaceX, OpenAI, and Anthropic are highlighted as leading controllers of this AI-driven funding wave as companies look to equities rather than buybacks or private funding to finance growth.