$3 Trillion AI IPO Wave Could Pull Capital From Bitcoin as Investors Chase New Market Giants
Bitcoin traded just above $63,000 on Thursday around 12 p.m. EDT, after shedding 17% over the past fortnight, as investors increasingly weigh the potential impact of a historic wave of artificial intelligence (AI) public offerings expected to hit markets over the coming months. At the center of the discussion are three AI giants that could collectively command more than $3 trillion in market value. SpaceX, OpenAI and Anthropic are all reportedly preparing for public listings, with SpaceX expected to lead the charge as soon as this month.