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Alphabet CDR (CAD Hedged)
Symbol GOOG
Shares Issued 32,800,000
Close 2026-06-12 C$ 57.24
Market Cap C$ 1,877,472,000
Recent Sedar+ Documents

Globe says SpaceX just the start of an AI boom in IPOs

2026-06-15 08:00 ET - In the News

See In the News (C-SPCX) SpaceX CDR (CAD Hedged)

The Globe and Mail reports in its Saturday edition that SpaceX's market debut is just the start of a monster artificial-intelligence-fuelled IPO bonanza that could see AI companies collectively valued in the trillions of dollars. The Globe's Eric Reguly writes that Anthropic and OpenAI have announced initial public offerings, and other Big Tech players will inevitably turn opportunistic and crash the party. Last week, Google-owner Alphabet raised $85-billion (U.S.) in a stock sale. How much more can the market absorb? Investors aren't used to being treated to such huge, rapid-fire deals. For many retail and institutional investors, financing the purchase of new shares requires selling existing shares in the portfolio. Classic economics says prices fall when there is more supply than demand. That moment cannot be ruled out as the AI lunge takes on Klondike-gold-rush proportions. Still, some of the doom-and-gloom economic factors seem to be vanishing. For instance, the independent Truflation index, which measures real-time price changes, is just below 2 per cent and trending down in spite of relatively high oil prices. On top of that, it appears as though there could be a breakthrough for peace the Iran war.

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