Marc Filippino

Wall Street is getting pumped about three blockbuster IPOs, and Turkey's president just got a big boost from a court in Ankara.

Plus, we'll take a look at the U.S.

's pressure campaign on Cuba.

I'm Mark Filippino, and here's the news you need to start your day.

Elon Musk's SpaceX is going public, and it's about to trigger a trading frenzy on Wall Street.

SpaceX filed for an initial public offering on Wednesday.

Tech giants OpenAI and Anthropic are expected to file their IPOs shortly.

And the arrival of three new major companies on Wall Street has analysts talking about an unprecedented wave of stock market buying and selling.

George Stier is a markets correspondent for the FT, and he's here to tell us more.

Hi, George.

Hey.

So George, tell me why the SpaceX IPO is such a big deal.

The way I understand it is that SpaceX isn't actually planning to release a lot of shares at the beginning, right?

So we've got the SpaceX IPO.

Then there was news this week that OpenAI is preparing to file.

Anthropic is expected to follow suit.

What is this frenzy going to look like on Wall Street, this buying and trading frenzy?

But in order for investors to make room to buy these stocks, I'm assuming that they're going to have to dump other stocks along the way.

Who might be left holding the bag?

What does this say about the IPO market generally, that these three stocks are going public around the same time and there's so much hype around them?