Why Investors Overlook Losses at SpaceX, OpenAI and the Next AI IPO Wave

Bullish Gator

Robinhood execs and Brian Sozzi discuss how SpaceX, OpenAI, Anthropic IPOs, AI infrastructure spending, liquidity, retail investing and market concentration shape investment risk and opportunities.

Editorial companion

What stands out

Robinhood's executives sat down with Brian Sozzi to explain why public markets often look past massive losses at private tech darlings like SpaceX and OpenAI, and why the next wave of initial public offerings (IPO) from AI and space companies could look very different because of retail demand and liquidity constraints. The conversation flags a simple but important tension: investors will tolerate red ink if growth and access feel real, yet market plumbing and broker economics determine who actually gets to trade the winners. For anyone trying to forecast trading volumes or retail flow, that mix matters more than hype.