Key facts
- Former SEC and CFTC Chair Gary Gensler discussed capital markets and regulatory challenges.
- Gensler stated that large companies, such as SpaceX, need to find revenue models.
- An anticipated surge in IPO activity is expected in 2026.
- Estimates suggest up to $75 billion could be raised from IPOs in 2026.
Gary Gensler, who previously chaired both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), shared his views on the current state of capital markets and the regulatory hurdles they face. During an interview with Romaine Bostick on Bloomberg's "The Close," Gensler highlighted the need for large companies, citing SpaceX as an example, to develop robust revenue models. He also addressed the outlook for initial public offerings (IPOs), predicting a significant increase in activity in 2026. Current estimates suggest that this surge in IPOs could lead to the raising of as much as $75 billion in capital.