SpaceX, OpenAI, and Anthropic are set to raise over $240 billion, potentially signaling a liquidity inflection point for the crypto market.

CoinFeed reported on April 25th, citing CoinDesk, that 2026 will see the largest IPO wave in history: SpaceX is expected to list in June, raising $50-75 billion, potentially breaking Saudi Aramco's 2019 record of $29 billion; OpenAI and Anthropic plan to list in the second half of the year, raising $30-60 billion and $60 billion respectively, with the three companies raising a combined total of over $240 billion. Market analysts believe that this wave of mega-IPOs will draw massive amounts of liquidity from the same risk pool. Given the high correlation between mainstream crypto assets like BTC and ETH and the risk appetite of US tech stocks in recent years, institutional and high-net-worth funds may reduce their crypto positions to subscribe to new shares, weakening buying support for BTC, ETH, and altcoins.