Key Takeaways Stripe is not going public — at least not on the schedule everyone thinks. Co-founder John Collison: going public “isn’t one of our top five or ten or twenty priorities.” That’s about as direct a “no” as you’ll get from a CEO talking to the press. $159 billion valuation as of February 2026….
SpaceX S-1 lands this week. Anthropic hits $900B. Anduril doubles to $61B. Weekly pre-IPO tracker covering 9 companies, fund performance, and secondary market access.
Key Takeaways Retail investors have four real paths to pre-IPO exposure today. Pre-IPO funds (DXYZ, ARKVX), IPO allocation via brokerages (E*Trade, Robinhood, SoFi), secondary marketplaces (EquityZen, UpMarket — accredited only), and proxy plays (public-company shareholders of private targets). The walls came down in the last 18 months. Closed-end pre-IPO funds trade on the NYSE now….
Key Takeaways Databricks is the only profitable name in the AI IPO wave. $5.4B revenue run rate growing 65% YoY, AI product revenue surpassed $1.4B, positive free cash flow. That’s not true of OpenAI, Anthropic, Cursor, or Crusoe. $134B valuation on the Series L (December 2025). $4B equity + $1.8B JPMorgan-led debt facility in January…
Key Takeaways Five brokerages account for 90%+ of retail IPO allocation in 2026. E*Trade, Fidelity, Robinhood, SoFi, and Charles Schwab — in roughly that order of strategic importance for the SpaceX, Anthropic, and OpenAI windows. “Best” depends on the IPO. Lead-underwriter-adjacent platforms get the biggest retail tranches. Morgan Stanley owns E*Trade — that puts E*Trade…
Key Takeaways Anthropic is closing a $50B round at $900B pre-money valuation. That’s a 2.4x mark-up in three months, from a $380B Series G in February 2026. Per TechCrunch, the round could close within two weeks of April 30. Q4 2026 IPO is on the table. The Information reports executives have discussed listing as soon…
Key Takeaways OpenAI’s IPO is real but slower than people think. CFO Sarah Friar told associates the company is targeting a regulatory filing in H2 2026 with a listing in 2027. Anyone telling you OpenAI lists this summer is selling you a story. The numbers are staggering. $852B post-money on the latest $122B round. Annualized…
Key Takeaways — Vol. 1, Week of May 11, 2026 SpaceX leads the 2026 IPO board. Public S-1 expected May 15–22, roadshow June 8, first trade likely before July 4. Up to 30% of shares reserved for retail. Full deep-dive here. Anthropic just leapfrogged its own timeline. A $50B funding round at a $900B pre-money…
Key Takeaways — Week of May 11, 2026 The public S-1 is days away. SpaceX’s public registration statement is expected to hit SEC EDGAR between May 15 and May 22 — this is the document that finally lets retail investors see real revenue, profitability, and share structure. Starlink is not getting its own IPO. The…
Key Takeaways The S-1 prospectus is the next domino. SEC rules require it 15+ calendar days before marketing — with the roadshow set for the week of June 8, expect the public prospectus to drop between May 15 and May 22. SpaceX just finished its three-day analyst meeting (April 21–23). Wall Street has now seen…
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