Goldman Sachs CEO Solomon Says Greed Outpaces Fear as AI Giants Prepare Record Fundraising Wave
David Solomon, chief executive officer of Goldman Sachs, stated Tuesday that investor sentiment has shifted decisively toward greed, as markets brace for what could be an unprecedented wave of capital raising by major artificial intelligence firms.
Record Equity Issuance on the Horizon
Speaking to CNBC’s Leslie Picker, Solomon addressed whether markets can absorb a series of massive equity offerings from the upcoming initial public offerings of OpenAI, Anthropic, and SpaceX. He expressed confidence that sufficient capital exists to support the deals. "There's plenty of liquidity in the system if the world continues to remain as optimistic," Solomon said. "We are definitely in a moment where there's more greed than there is fear."
The two leading AI model providers, along with SpaceX—which includes Elon Musk’s AI company—could go public at trillion-dollar valuations. This comes as other firms seek vast sums to fund data centers, chips, and infrastructure, raising questions about market capacity to absorb the supply.
Solomon Cites Alphabet as Proof of Market Receptiveness
Solomon, whose bank is playing a key role in several of the deals, downplayed concerns about oversupply. He pointed to Alphabet’s recent stock performance after announcing plans for an $80 billion equity raise as evidence that markets remain receptive to AI-related offerings. "The stock is trading very well," Solomon said. "This is the first actual concrete data point for bringing something of this scale, and it's encouraging."
Robust equity and debt markets are prompting companies to raise money while conditions allow, Solomon added. "When capital's available, if you're capital consumptive and it's available, take the capital."
Solomon Acknowledges Unprecedented Scale but Sees Self-Reinforcing Cycle
Solomon acknowledged that the fundraising wave is unprecedented in size but argued that record levels of wealth and liquidity across markets support the activity. He also suggested that gains generated by AI companies could create a self-reinforcing cycle, as employees and investors recycle profits into taxes and new ventures.
While cautioning that greed can "turn into fear very quickly, but that doesn't mean it will," Solomon said, "Exuberance can go on for big periods of time. ...There's a good chance that we're earlier in the cycle than later."
Market Context
As of today, June 2, 2026:
- USD/RUB: 72.56 (change: +1.01)
- EUR/RUB: 84.61 (change: -1.64)
- Bitcoin: $67,390 (24-hour change: -5.9%)
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