Goldman CEO: "Greed" to Absorb SpaceX, OpenAI IPOs

Goldman Sachs CEO David Solomon believes there's enough "greed" in the market to absorb upcoming IPOs from companies like SpaceX, OpenAI, and Anthropic. He made these comments during a conversation with CNBC's Leslie Picker. Here's the thing: Solomon noted that Wall Street is currently in a period where investors are highly enthusiastic. He pointed to Alphabet's stock performance after it announced plans to sell $80 billion worth of new stock to fund its AI ambitions. Despite the massive stock sale, Alphabet shares did not crash, which Solomon sees as a sign of strong investor appetite. The bottom line is that Solomon advises companies needing capital to act now, as this window of opportunity may close. However, he also included a hidden warning. He said that greed can "turn into fear very quickly." This echoes the dot-com bubble, where a surge of IPOs in new technology eventually led to significant market pain. This suggests a potential risk for investors if current market enthusiasm shifts.