Business & Finance
SpaceX and OpenAI Are Ending Wall Street’s Era of Stock Scarcity
Key Points
The Big Take SpaceX and OpenAI Are Ending Wall Street’s Era of Stock Scarcity The stock market is starting to expand again after years of shrinking — and potentially at a scale not seen since the dot-com era. For the better part of two decades, a defining feature of the US stock market has been scarcity.
The Big Take
SpaceX and OpenAI Are Ending Wall Street’s Era of Stock Scarcity
The stock market is starting to expand again after years of shrinking — and potentially at a scale not seen since the dot-com era.
For the better part of two decades, a defining feature of the US stock market has been scarcity. Year after year, shares disappeared from public hands, with buybacks by S&P 500 companies alone erasing nearly $12 trillion worth.
Now, investors are about to discover what happens when the supply suddenly comes rushing back.
[Image text:] KOHANOL
ARY MAY