This is good for tech billionaires but a warning sign for normal investors, who could get pulled into a possible AI bubble without realizing it.

• Trump is talking with AI company leaders about the government taking ownership stakes in their firms, and Sam Altman is pushing for it.
• OpenAI may want the government as a part-owner so it gets protected from regulation, or bailed out if the bubble bursts.
• SpaceX is reportedly worth less than half its IPO target, and one analysis shows tech stocks are far more overheated now than during the dot-com bubble.
• Fidelity dropped its SpaceX buy-in to $2,000 but bans you from future IPOs if you sell early, a sign of a rushed, frothy deal.
• SpaceX shares will flow into NASDAQ index funds, so regular people's 401(k)s end up exposed to a stock many see as overvalued.

Outlook: A major correction in AI and tech valuations looks likely, even if the technology itself ends up changing the world.