A new report is raising alarms about what could happen when some of the biggest names in artificial intelligence and space finally go public.
According to Yahoo! Finance Canada, a coming wave of initial public offerings — or IPOs — from SpaceX, OpenAI and Anthropic could spark a market drop of as much as 40%. The outlet frames this as a risk that Canadian investors, in particular, "can't afford to ignore."
An IPO is the moment a privately held company sells shares to the public for the first time. The three companies named are among the most closely watched startups in tech: OpenAI and Anthropic are leaders in AI, while SpaceX dominates private spaceflight. All three have commanded enormous private valuations, and their debut on public markets would be a major event for investors.
The concern raised by Yahoo! Finance Canada is that a cluster of high-profile listings arriving together could reset how the market prices technology companies broadly. If newly public shares fall short of their lofty private valuations — or if enthusiasm cools — the ripple effects could pull down other tech stocks that investors already hold.
It's worth stressing that the 40% figure is a scenario flagged in this report, not a confirmed forecast or an event that has occurred. No IPO dates, share prices or official company statements are included in the source. The piece functions as a warning aimed especially at Canadian portfolios, which often carry significant exposure to large U.S. technology names.
Why it matters: because so many everyday investors — including through pensions and retirement funds — hold tech-heavy portfolios, a sharp repricing tied to marquee AI and space IPOs could affect far more people than just those buying the new shares.