George Steer
speaker
109 appearances
4 recordings
1 series
first heard May 2026
last heard 21 Aug
George Steer’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in May 2026 with 3.
Appearances
So less than 5% of its total share count, which is unusually small.
But companies over the last few years have been slowly reducing the proportion of the shares that they list because the fewer shares, the greater demand, the bigger the potential price jump on the first day of trading, which is something that the bankers and the company itself wants to see.
Well, these are three of the most hyped private companies in the world right now for various reasons.
One, space is interesting.
SpaceX has almost a monopoly on commercial space travel.
and is working with NASA on that.
OpenAI and Anthropic, along with a few of their slightly smaller rivals, have a stranglehold on the LLM, large language model AI market right now.
And that is where all of the growth and all of the interest in investor appetite has been over the last few years, basically since ChatGPT was released.
a few years ago.
So the three companies, when they do eventually all trade on US public markets, probably by the end of the year, it's expected that there will be huge investor demand for those shares, the prices of which could go crazy based on how the stock market itself has performed over the last two or three years.
Investors have told me and my colleagues that, you know, there's plenty of capital out there.
There's plenty of demand and that the market won't struggle to absorb these three new huge companies once they list.
There may be some selling opportunities.
at the margins of some of the magnificent seven tech stocks that have done so well recently, some of the semiconductor stocks that have done especially well this year.
But I think the market is relatively well prepared.
These IPOs have been long in the works.
My interpretation is that...
executives at all three companies realized that there is huge investor demand right now for AI and anything connected to space travel.
The US stock market, at least, has been almost entirely driven by the AI hype story over the last few years and in the last month, basically since the end of March, especially.
You know, a cynic could say that these three companies are capitalizing on peak excitement, peak demand for the industries in which they operate.
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