Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTBrian O’ConnellThu, June 25, 2026 at 6:00 PM GMT+2 7 min readThere's a theory circulating on Wall Street that a 40% market crash is casting a long shadow over the initial public offering (IPO) pipeline, and that the SpaceX and OpenAI IPOs are largely responsible.The crash call comes from Mark Hulbert, a long-time analyst who penned a column on the topic (1)for Marketwatch (1) on June 22, citing research from Harvard University economist Xavier Gabaix.Must ReadRobert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this 'explosion'Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — here are 5 ways to build wealth like a landlord without actually being oneMillionaires under 43 hold only 25% of their wealth in stocks.