Framing Analysis
On July 14, CNA reported that SK Hynix completed a $26.5 billion ADR offering with Citigroup as joint global co-ordinator and Goldman Sachs served as lead left underwriter on SpaceX's $86 billion IPO. The same article stated that OpenAI has filed for a U.S. IPO and that Goldman Sachs and Morgan Stanley are positioned for Anthropic's upcoming listing, with David Solomon describing an ongoing AI capex super cycle.