This year's three major IPOs are like vampires, lining up to fleece investors: SpaceX went public in June, and its market capitalization evaporated by about 20% before and after the IPO. Anthropic is rumored to go public in mid-November; who knows how much it will drop next. OpenAI is even more ruthless, dragging its feet until 2027 to go public, repeatedly fleecing investors. The poor get poorer, and the rich get richer.