Indices

AI: Three mega-AI IPOs being expedited into Passive Indices. RTZ #1044

Active and passive investors are soon going to have some weighty decisions to make, sooner than normaly later. The three mega-AI IPOs I’ve been talking about for a while now are all about to make an offer that fund managers can’t refuse. And that’s not necessarily a good thing for mainstream investors in the long run. This is independent of the ongoing discussions of AI Bubbles and other fundamental arguments. The three companies of course are Elon Musk’s SpaceX/xAI, OpenAI, and Anthropic. All collectively to be valued at north of $3 trillion dollars to public investors in a few months. With SpaceX/xAI going first in June, to coincide with Elon’s birthday (of course). The other two to follow later in the year. So far so good. What’s not so good is that the major market indices who also run marketplaces, are competing to have these companies list on their exchange. NYSE vs Nasdaq kind of competition. Since they also run the major market indices that then drive trillions of mutual fund and ETF vehicles that drive their ‘passive investments’, these new public stocks are likely to be ‘ac

U2Fx.com

Apr 2, 2026 - 08:00

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AI: Three mega-AI IPOs being expedited into Passive Indices. RTZ #1044

Active and passive investors are soon going to have some weighty decisions to make, sooner than normaly later.

The three mega-AI IPOs I’ve been talking about for a while now are all about to make an offer that fund managers can’t refuse. And that’s not necessarily a good thing for mainstream investors in the long run. This is independent of the ongoing discussions of AI Bubbles and other fundamental arguments.

The three companies of course are Elon Musk’s SpaceX/xAI, OpenAI, and Anthropic. All collectively to be valued at north of $3 trillion dollars to public investors in a few months. With SpaceX/xAI going first in June, to coincide with Elon’s birthday (of course). The other two to follow later in the year.

So far so good.

What’s not so good is that the major market indices who also run marketplaces, are competing to have these companies list on their exchange.

NYSE vs Nasdaq kind of competition. Since they also run the major market indices that then drive trillions of mutual fund and ETF vehicles that drive their ‘passive investments’, these new public stocks are likely to be ‘ac