[X]score: 0.39
SpaceX, OpenAI, Anthropic IPO Valuations Exceed All 1995–2000 Dot-Com IPOs Combined
May 31, 2026
The combined projected IPO valuation of SpaceX, OpenAI, and Anthropic at roughly $3.75 trillion exceeds the inflation-adjusted total of all 2,600 dot-com IPOs from 1995–2000 at approximately $3 trillion. The argument is that concentration in three names, versus thousands in the dot-com era, historically accelerates rather than dampens any eventual correction.
HOW THIS AFFECTS YOU
●
founderValuations at this concentration level signal both peak investor appetite and potential for rapid sentiment reversal if any of the three stumbles.
●
investorThe concentration risk argument is worth stress-testing in portfolio models — three correlated bets at this scale have different tail risk than a diversified bubble.