US Funds Raise Cash Ahead of SpaceX and OpenAI IPOs
US funds are raising cash for the upcoming listings of SpaceX and OpenAI. New rules will speed up the addition of these megacap firms to major benchmarks.
Xurve View
Insights:
Xurve View
United States mutual funds are raising cash and selling large-cap stocks to prepare for the IPO of SpaceX, which is targeting a valuation of around $1.75 trillion. Asset managers are positioning for upcoming listings from OpenAI and Anthropic as index rules accelerate benchmark inclusion. The shift forces passive funds to offload existing holdings, potentially triggering volatility across major equity benchmarks.
