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InvestTalk

SpaceX, OpenAI, and the IPO Boom: Is a Wave of Mega-Floats a Market Top Warning?

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K Ratings

🗓️ 29 May 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

Analysts are raising concerns that a wave of mega-IPOs from companies like SpaceX and OpenAI could be signaling a market top — a pattern that has appeared at prior market peaks. We explore the history of IPO booms, what they reveal about market sentiment, and how investors should think about participating.

Today's Stocks & Topics: CarMax, Inc. (KMX), Market Wrap, EQT Corporation (EQT), ONEOK, Inc. (OKE), Trailing Stop, Micron Technology, Inc. (MU), SpaceX, OpenAI, and the IPO Boom: Is a Wave of Mega-Floats a Market Top Warning?, Johnson & Johnson (JNJ), Xtrackers Nifty 500 India ETF (IND), iShares MSCI India ETF (INDA), Vanguard Short-Term Corporate Bond Index Fund ETF Shares (VCSH), Vanguard Total Bond Market Index Fund (BND), NetEase, Inc. (NTES), Roth Conversion.


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Transcript

Click on a timestamp to play from that location

0:00.0

This is InvestTalk from KPP Financial, helping investors make sense of the markets one day at a time.

0:11.1

Here's your host, Justin Klein.

0:16.2

Good afternoon, fellow investors, and welcome back to InvestTalk. This is our Thursday, May 28th,

0:24.3

2026 edition of Investstock. And that's right. We're, we only have one more trading day in the month

0:31.1

of May. And then we move on to June and soon, we'll be halfway through the year. And what a year it has been.

0:39.2

So much to unpack, so much to talk about.

0:42.4

We continue to get a Wipsawy upward trend in the market.

0:48.4

But could that trend be changing?

0:51.2

Could there be a catalyst in the near future?

0:55.0

That's something we'll be discussing in more detail today. I'm Justin Klein, and my objective here is to help you become a

1:00.8

better investor. Unpack these trends, answer your questions, and ultimately help you become a better

1:08.1

investor. Now, as you likely know, we wrapped up our latest InvestTalk Wealth webinar on May 6th.

1:13.8

The topic was inflation.

1:15.4

We thank all those that participated, and it is now available over on our YouTube channel for free.

1:22.0

So go check it out.

1:23.6

And heads up, our next webinar is coming up June 30th, a little over a month away, Tuesday, from 12 to 1 p.m. Pacific time. Beyond the yield, how to invest for your income needs.

1:35.9

Now, in just a bit, we'll talk about today's Mark Performance, and we'll run down the show topics for the hour. But as usual, let's tackle this first call a question now.

1:44.2

Hey, InvestSalk. This is Ralph from Chicago. I was calling about CarMax. I was just wondering

1:51.4

if you thought this would be a good buy. It's been beaten up for a little bit. Just wanted to

1:57.2

know your opinion. Thank you. Bye.

1:59.8

Looking at CarMax, it has been beaten up, mainly because

2:03.8

and trades have been going up, it's been expensive to just get a new or even used car.

...

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