Goldman Sachs CEO David Solomon told CNBC on June 2 that capital markets have enough liquidity to absorb initial public offerings from SpaceX, Anthropic, and OpenAI. “There’s plenty of liquidity in the system if the world continues to remain as optimistic,” Solomon said. “We are definitely in a moment where there’s more greed than there is fear.”
The comments land four days before SpaceX’s June 12 Nasdaq listing. CNBC reported that SpaceX plans to price its IPO at $135 per share, valuing the company at approximately $1.77 trillion, which would make it the seventh-largest company in the United States by market capitalization, ahead of Tesla.
The AI IPO Pipeline
SpaceX is first, but two of the three largest AI model providers are close behind. Anthropic confidentially submitted a draft S-1 to the SEC on June 1, formally beginning the process for what would be one of the largest AI listings attempted. OpenAI is widely expected to follow. According to Motley Fool, all three companies are planning large IPOs that could collectively seek hundreds of billions in capital.
Solomon, whose bank is playing a key role in several of the deals, pointed to Alphabet’s recent $80 billion equity raise as evidence that markets remain receptive. “The stock is trading very well,” he told CNBC. “This is the first actual concrete data point for bringing something of this scale, and it’s encouraging.”
Capital Constraints Are Lifting
Solomon acknowledged the fundraising wave is unprecedented in size but argued that record levels of wealth and liquidity across markets support it. He also suggested that gains from AI companies could create a self-reinforcing cycle as employees and investors recycle profits into taxes and new ventures.
“When capital’s available, if you’re capital consumptive and it’s available, take the capital,” Solomon said.
The signal is directional: the companies building the foundation models that power autonomous agents, from Claude to GPT, are moving from private venture rounds to public market access. Both Anthropic and OpenAI have raised tens of billions in private capital over the past year. Public listings would give them access to a fundamentally larger pool.
The Timing Question
Solomon’s optimism came with a caveat. “Greed can turn into fear very quickly, but that doesn’t mean it will,” he said. “Exuberance can go on for big periods of time. There’s a good chance that we’re earlier in the cycle than later.”
For the agent ecosystem, the practical takeaway is straightforward. The two companies whose models underpin most production agent deployments, Anthropic and OpenAI, will soon have access to public market capital. That changes the competitive dynamics: infrastructure spending accelerates, pricing pressure on API access increases, and the gap between well-funded model providers and independent agent builders widens.