'X-Day' June 12 Approaches: Does SpaceX's IPO Mark the Beginning of the AI Bubble's End?
- A Toyo Keizai column spotlights SpaceX's reported June 12 listing
- The author warns the rushed IPO could trigger the AI bubble's collapse
- The piece questions why Elon Musk chose this timing for a forced listing
- It cautions retail investors crowding into the offering
This polemic branding SpaceX's listing 'the worst IPO ever' deserves a discount: Toyo Keizai's 'X-Day' genre trades on sensation, and the causal chain from one IPO to an AI bubble collapse is conjecture. Yet the structural anxiety is real: space and AI valuations have heavily borrowed from the future, and a listing at peak euphoria carries unmistakable cash-out signaling from founders and early investors — mega-IPOs have often been the last course of a liquidity feast.
Two practical points for investors in Japan and Taiwan: first, peak retail FOMO usually coincides with the worst risk-reward; second, the region's supply chains are levered to AI capex — a US AI-sector correction transmits through semiconductor orders and equipment investment. This is not someone else's fire.
When everyone fears missing the last train, has anyone asked where it's headed?