SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests

The SpaceX and Anthropic mega-IPOs may not be the boon to the stock market investors think they'll be. Wall Street has been rolling out the red carpet for some of the most eagerly anticipated public debuts in recent memory — helped along by the Trump administration's initiative to deregulate public and private markets to "make IPOs great again" — with index providers changing their rules for faster inclusion and rejiggering the math on free float multiples. …