Thomas Laffont, co-founder of Coatue Management, just made one of the boldest predictions in recent tech investing history. Speaking at the All-In Liquidity Summit on June 4, 2026, he projected that IPOs from SpaceX, OpenAI, and Anthropic will collectively surpass the total exit value generated by all venture-backed companies over the past decade.
The Magnificent 8 and $4 trillion in private value
Laffont’s thesis centers on what he calls the “Magnificent 8,” a group of private tech and AI companies that includes SpaceX, Stripe, Anthropic, Databricks, Revolut, ByteDance, Anduril, and OpenAI. Together, these eight firms carry a combined valuation of nearly $4 trillion.
SpaceX is preparing an IPO targeting a valuation of at least $1.8 trillion, potentially raising $75 billion in the process. That listing alone would be the largest IPO in history by a wide margin, dwarfing Saudi Aramco’s roughly $25 billion raise in 2019. Anthropic, meanwhile, has already filed a confidential S-1, a clear signal that its public debut is imminent rather than theoretical.
Coatue Management has exposure to multiple members of the Magnificent 8, including significant positions in Anthropic.
