Tech companies are selling stock like it's the dot-com boom, and some investors fear that's a bad sign for bondholders.
This month alone, there's been an $85 billion share sale from Alphabet and a $75 billion record-setting initial public offering by SpaceX. More are coming, with OpenAI considering an IPO as soon as next year, after rival Anthropic PBC, and Meta Platforms mulling raising equity.
