Wall Street Raises Cash Ahead of Mega IPOs From SpaceX, OpenAI, Anthropic on May 28

According to BlockBeats, citing Goldman Sachs Managing Director John Flood, large Wall Street institutions raised cash reserves on May 28 ahead of anticipated IPOs from SpaceX, OpenAI, and Anthropic, valued at $1.5 trillion to $1.75 trillion and close to $1 trillion respectively. SpaceX alone is expected to reshape major stock index weightings upon listing.

Index providers are accelerating rule changes to accommodate the shift. FTSE Russell implemented new rules allowing newly listed companies to enter the Russell Index after just five days of trading once liquidity thresholds are met; Nasdaq introduced a fast-track mechanism in March, and S&P Dow Jones Indices is pursuing similar measures. Once added to indices, passive funds will be required to allocate to these stocks, becoming a stable demand source for the mega IPOs.