One of the clearest signs we may be in an AI bubble:

OpenAI: $1.2T
SpaceX: $2.0T
Anthropic: $2.0T

$5.2 trillion across just 3 companies.

That’s more than the combined $4.1T first-day value of every U.S. tech IPO from 1980–2025 — 3,365 companies.

Let that sink in.