Hi, this is Amanda Gerut pinch writing for Allie Garfinkle from Aspen where we just wrapped the 25th annual Fortune Brainstorm Tech conference.
Lots of buzz about SpaceX’s IPO slated for Friday. Given the $1.5 trillion to $2 trillion valuation range that has been thrown around—and the prospect of a total $5 trillion in value coming online after adding in Anthropic and OpenAI—you would be forgiven for thinking this summer means salvation for venture capital.
That’s the idea floating around out there, said Nizar Tarhuni, executive VP of research and market intelligence at PitchBook.
“There’s a narrative that this is the unleash,” said Tarhuni, who spoke during our live Term Sheet breakfast this week. That this is the savior of the venture market and locked-up liquidity, and I think it’s an important milestone, but it’s not necessarily a watershed moment.”
It all sounds tempting for a venture industry starved for exits, to be suddenly confronted with the onslaught of SpaceX, and then the confidential-but-nowhere-near-final IPO filings from OpenAI and Anthropic. It sure reads like everyone is about to eat.
