The putative end of US President Donald Trump’s Iranian conflict has triggered a relief rally. Oil has retreated from its recent highs. Animal spirits have reasserted themselves. Investors are staring at perhaps the most extraordinary pipeline of public floats in history.
SpaceX has raised $US75 billion ($106.7 billion) in an enormous listing that values Elon Musk’s empire at about $US1.75 trillion. OpenAI and Anthropic are being discussed in the same celestial neighbourhood.
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