SpaceX sparks buzz with Supercycle IPO, a gamble on AI, space, and chips.
SpaceX is not only the biggest IPO in history, but it's also symbolizing a new IPO Supercycle wave, where global capital is betting on AI, space, semiconductors, and future technologies.
The period between 2022 and 2024 saw the global initial public offering (IPO) market face one of its most challenging times since the 2008 subprime crisis. The Federal Reserve's (Fed) rapid interest rate hikes to combat inflation significantly increased financing costs, while economic uncertainty, geopolitical conflicts, and stock market volatility led many companies to indefinitely postpone their IPO plans. Many observers viewed the global capital markets as entering an "IPO Winter."
