The Great Parenthesis: The 2 IPOs Of The Century

The S&P 500 year-end target remains 8,500, but the outlook includes a caution that mega-IPOs such as SpaceX and OpenAI could temporarily disrupt tech-sector momentum. SpaceX has filed its S-1 and is targeting up to $75 billion in proceeds at a $1.75 trillion to $2 trillion valuation. The piece is more a market commentary than a direct catalyst, but it highlights a potentially large capital-markets event for tech and private markets.

Analysis

The S&P 500 year-end target remains 8,500, but the outlook includes a caution that mega-IPOs such as SpaceX and OpenAI could temporarily disrupt tech-sector momentum. SpaceX has filed its S-1 and is targeting up to $75 billion in proceeds at a $1.75 trillion to $2 trillion valuation. The piece is more a market commentary than a direct catalyst, but it highlights a potentially large capital-markets event for tech and private markets.