SpaceX, Anthropic, and OpenAI’s hot IPO summer

The IPO market is back with a new set of companies, MANGOS, taking over. This includes Meta, Microsoft, Anthropic, Nvidia, Google, OpenAI, and SpaceX. Half of these companies are going public at the same time, posing a challenge for investors and valuations. This shift marks a change from the previous FAANG-dominated market. Investors should be prepared for a stress test.