BofA warns SpaceX, OpenAI IPOs may cause a market bubble

The financial group suggests that the upcoming IPOs of SpaceX's xAI and OpenAI could inflate risks similar to the dot-com bubble, prompting caution among investors. These warnings reflect concerns about overvaluation driven by hype rather than fundamentals, with the IPOs expected to raise over $75 billion combined. Market participants should watch for regulatory signals or investor sentiment shifts that could trigger a correction.