Bank of America's Michael Hartnett warns SpaceX and OpenAI mega-IPOs could push tech's equity benchmark weight past 48%, levels tied to historical bubbles.

Massive tech companies like SpaceX and OpenAI look to be finally going public. They’re expected to find a lot of pent-up demand from investors.

SpaceX’s IPO could turn the Mag 7 into a Mag 8, giving Elon Musk 25% of the group's Bitcoin balance-sheet exposure.

Bank of America's Michael Hartnett warns SpaceX and OpenAI mega-IPOs could push tech's equity benchmark weight past 48%, levels tied to historical bubbles.

SpaceX, OpenAI and Anthropic IPOs will push already tech-heavy S&P 500 well into bubble territory, says Bank of America strategist. Read on