The SpaceX IPO Could Trigger a Massive Rotation Across AI Stocks. Here's Why.

SpaceX's record $1.77 trillion IPO on June 12 is drawing investor capital away from AI stocks. The article argues SpaceX's 139x revenue valuation is unsustainably high for an unprofitable company, and predicts its eventual decline could trigger a rotation back to AI leaders like Nvidia and Broadcom. Recent declines in major AI stocks suggest investors are taking profits to fund SpaceX purchases. The outcome will also influence upcoming IPOs from OpenAI and Anthropic.