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Aerospace & Defense

Anthropic Says No to $800 Billion

Anthropic is turning away investors offering $800 billion-plus valuations — a signal that the company may believe its leverage only increases from here, especially with an IPO reportedly on the table for October. Meanwhile, a routine Alaska filing revealed Google's hidden 6% stake in SpaceX, worth an estimated $100 billion at IPO. And Amazon-backed nuclear startup X-Energy hit the road this week for an $800 million IPO on Nasdaq, bringing AI's power problem one step closer to an investable thesis.

Paul Smalera

Artificial Intelligence

April 17, 2026

Paul Smalera

Artificial Intelligence

April 17, 2026

Databricks 25x, Snowflake 12x: The NAV Trap

Paul Smalera

SpaceX IPO S-1 Teardown: The Filing Nobody's Seen, Reverse-Engineered

Paul Smalera

SpaceX is finally going public. Here's what it actually means.

Paul Smalera

Musk just announced the biggest chip factory in history. Investors should pay attention.

Paul Smalera

SpaceX is filing for its IPO. The window is officially open.

Paul Smalera

The fastest SaaS company ever just doubled again

Paul Smalera

Secondary markets just had their biggest year ever. Here's what comes next.

Paul Smalera

Musk just created a $1.25 trillion company

Paul Smalera

Is SpaceX a rocket company or an ISP? Yes.

Paul Smalera

2025’s hottest sectors for secondary market investment

Noel Moldvai

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