Joshua Roberts

speaker

171 appearances 2 recordings 1 series first heard Jun 2026 last heard 27 Jul

Joshua Roberts’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

Appearances

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The Intelligence from The Economist · Focused group: Ukraine is now Europe’s war · 3 Jun 2026 podcast

The other two reasons are because your employees want to sell their stock and your early investors want to sell their stock, and because you just think it's a great time to sell shares to the public.

And these are more important reasons for SpaceX, OpenEye, and Anthropic.

Investors are really

Really excited about AI at the moment.

They've been sending share prices motoring up as a result.

So I think the main reason is they just think it's a great time to sell their shares now.

A massive proportion of investments these days by big institutional investors, but also by retirement savers and big pension schemes tracks stock market indices.

So these are things like the S P 500 index or the Dow Jones Index.

And one of the things we're seeing happening with these giga IPOs is that the people who make the stock market indices are fast tracking the entries of these firms into them.

Some of the index providers are including these Giga IPOs in their indices as soon as five days after they first listed.

So one of the worries is that

Index funds that automatically track them will have to buy these shares when they're still very volatile.

So they might buy them at an improper price, and that could expose their investors to losses.

And another worry is that once you've exhausted these trillions of dollars of index funds buying their shares immediately, there won't be enough people to trade them afterwards.

And so a kind of natural pool of buyers will have been used up and their shares might fall down.

Afterwards.

Are messing with the dynamics.

Speed is definitely a concern.

Size, though, isn't as much of a concern as you might think.

These IPOs are massive, but so is America's stock market.

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