How much liquidity is actually in the market?

With [Google dropping 85 billion of new shares](https://techcrunch.com/2026/06/03/alphabets-record-breaking-85b-raise-for-googles-ai-business-is-a-helluva-good-signal/), [SpaceX getting ready to IPO and sell 75 billion](https://www.investors.com/news/spacex-ipo-sell-555-6-million-shares-135/), and [Anthropic](https://www.anthropic.com/news/confidential-draft-s1-sec) and [OpenAI](https://openai.com/index/openai-submits-confidential-s-1/) filing their S1s to go public "soon" there's at least 160 billion that needs to be "bought up" if the IPOs sell at their target price, and a total of 320 billion if we assume Anthropic and OpenAI choose to raise similar amounts (85 + 75 + 80 + 80 billion) The largest year of IPOs so far has been in [2021 with $303 Billion done in a year](https://www.sec.gov/data-research/statistics-data-visualizations/initial-public-offerings-ipos/ipos-number-proceeds). This means this year will likely top that by around 20 billion We did it in 2021, albeit when interest rates were low and money was cheap, but is this a significant amount of capital for the total public market? Or is it large but not much more than a drop in the bucket in terms of total public market? Obviously the money has to come from somewhere, but understanding the size of the ocean helps measure the size of the drought