Good morning. The frenzy around trillion-dollar IPOs is back—and for many investors, so is the fear of missing the next Nvidia.
In a new Fortune feature article, my colleague Amanda Gerut examines what’s driving demand for blockbuster IPOs like SpaceX—and why investor psychology can matter just as much as company fundamentals. Financial advisor Jeff Barnett captures the tension: Even disciplined portfolios sometimes make room for a “lottery ticket” trade, if only to avoid missing what could become a generational wealth event.
