The AI IPO Cliff

A live calendar of when shares from SpaceX, Anthropic, and OpenAI become legally tradable. Each IPO unlocks supply in two confirmed waves: the small 5% public float sold at listing, then the much larger 95% locked for 180 days that floods the market at lockup expiry. For OpenAI and Anthropic, additional secondary offerings are highly likely at 12-15 months post-IPO given their multi-billion-dollar quarterly compute burn — modeled here as speculative events. For investors with AI-weighted exposure (individual names, sector ETFs, or just the Mag 7), this is where actual price discovery happens — not on listing day.