Trader and podcast host Ed Elson unpacks why he's bearish on coming mega-IPOs
Bryan Bedder/Getty Images for Vox Media Stock market commentator and podcast host Ed Elson is skeptical of this year's mega-IPOs. He recently shared a bearish thesis on the wave of giant offerings from SpaceX, Anthropic, and OpenAI. An active trader, Elson is worried about the market's ability to withstand the supply shock. Elon Musk' SpaceX has made its historic debut, but trader and podcaster Ed Elson is cautious on it and other colossal IPOs slated for this year. The host of the popular Prof G Markets podcast with Scott Galloway, Elson often writes about his own trading strategies. He recently laid out a detailed cast for why he isn't optimistic about the wave of hot tech IPOs that are poised to flood Wall Street in the coming months. "SpaceX, Anthropic , OpenAI, and Google are about to inject roughly $350 billion of new equity into the market," he wrote in a Substack post ahead of the SpaceX offering. "That's more money than the entire US vent...
