Trader and podcaster Ed Elson warns $350 billion mega-IPO wave could pressure Meta and Google shares

Trader Ed Elson warned in a Substack post that SpaceX, Anthropic, OpenAI and Google plan to inject roughly $350 billion of new equity into markets, a sum he said exceeds total US venture-capital investment last year and combined IPO proceeds over the past seven years. He argued the added supply could force investors to sell existing high-valuation tech holdings to fund new purchases, creating direct pressure on incumbents such as Meta and Google. He also cited SpaceX shares falling 10% in a single day after the listing and said the company’s valuation is far above historical comparables.