AXIOS (Emily Peck) - The SpaceX IPO is already upending the stock market
Elon Musk's trillion-dollar-plus SpaceX isn't a public company yet, but its size and ambitions are already upending the stock market and sparking questions over the power and influence wielded by such behemoths. Why it matters: The IPO, expected next month, would signal the start of a new AI era for the public markets, potentially valuing SpaceX as much as $2 trillion. The big picture: OpenAI and Anthropic are also expected to IPO this year — possibly translating into $5 trillion in value in the markets, estimates venture capitalist and MIT research fellow Paul Kedrosky. - The new stocks will hit the markets like a tsunami, he says. - The IPOs will trigger an enormous wave of demand from investors who will pull money out of other…