Valuetainment - “The Summer Of IPOs” - SpaceX & Anthropic Could 10X Into TRILLION‑DOLLAR BEASTS

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00:00:30.000 Cerebra stock jumps 18% as rollercoaster.

00:00:32.760 First month of trading continues.

00:00:34.640 Tom, we were talking about this earlier,

00:00:36.400 that you said they are oversubscribed by 20x.

00:00:40.180 20x oversubscribed.

00:00:41.420 There's so much interest in this that even after day one,

00:00:45.380 68%, I think the stock is up.

00:00:48.600 And then we have OpenAI, we have Anthropic,

00:00:50.800 we have SpaceX to go to.

00:00:52.060 So one question for you, Tom,

00:00:54.060 before we get into these stories individually,

00:00:55.840 and Pomp, you as well.

00:00:57.080 Why is the IPO market happening now?

00:00:59.460 Why didn't it happen last year?

00:01:00.640 Why wasn't it the year before?

00:01:01.800 Why is it in 2026?

00:01:03.740 Well, I think there's two things happening.

00:01:06.080 The counterintuitive data point is go look at the number of IPOs.

00:01:10.860 And I believe that the IPO total in 2021 was 121 of them.

00:01:16.940 And it's dropped down 30, 40.

00:01:19.860 And I think last year was, I'm going to find the chart that I have on here.

00:01:25.120 And so right now we're talking about that the IPO market has broken back open.

00:01:30.620 I believe the number is we've already had 28 IPOs this year, which is almost more than we had last year.

00:01:39.060 And when we just look at the number of IPOs, and we're about to have what's called the summer of IPOs, which in the middle of May was kicked off by Cerebras coming out.

00:01:47.500 And their IPO price, the price that all the insiders and the big institutions got, was $185, $185.

00:01:57.320 At the first minute of trading, it jumped out, I think it was $350, almost double, $370 would have been double.

00:02:07.300 And then the interday high was actually 2x the price.

00:02:10.460 So why did that happen?

00:02:12.480 Because it was 20x, so surprising.

00:02:13.940 They had 20 times the interest in the IPO than they actually could serve.

00:02:20.240 And so all of those folks, a big chunk of them, some of the institutions stepped back because they don't want to be part of the pop and drop on day one.

00:02:28.760 However, a lot of the retail people that wanted to get in, even high-end retail, they jumped right in.

00:02:35.880 And that's what helps drive the price on day one.

00:02:38.560 So that kicked it off.

00:02:40.020 And we can see just yesterday they were up 18%.

00:02:43.080 And so they've settled, I think, in the $250, $260 range is where $225 today and just two days ago they were up at $250, which is up above that $185 IPO price.

00:02:58.360 So, so far, this is a success, and now we've got the big three, SpaceX, Anthropic, and OpenAI are coming out later in the fall because everybody wants to give SpaceX about 90 days to suck the oxygen out of the room.

00:03:14.720 By the way, just out of curiosity, and I'll come to you with the same question as well.

00:03:18.960 If you were looking at these individual stocks, and you're going to put a million dollars into it, okay, and you have access to it.

00:03:26.940 Say you're on the inside.

00:03:28.140 You have a million bucks.

00:03:29.100 How do you deploy the million dollars between these four companies, SpaceX, Cerebros, Anthropic, and OpenAI?

00:03:36.860 So since Cerebros is out, I'll give you the three that are coming.

00:03:42.760 The three that are coming, I'd put 50% of the dollars on Anthropic, and I'd put 25% each on SpaceX and OpenAI.

00:03:51.260 So you would do 50 Anthropic? 0.98

00:03:53.060 You wouldn't even touch Cerebros anymore right now. 0.99

00:03:54.940 Well, Cerebros is hard to get in.

00:03:56.940 now and it's out trading and so um i still like cerebrus around 220 it's i i'll tell you straight

00:04:04.260 up i might be i'm not giving anybody investment advice but i i like this in the 220 range okay

00:04:09.900 so here's the other question to follow up on to the average person that's not on the inside

00:04:13.240 you have a million dollars you're not pre so you're not getting that call from goldman morgan

00:04:18.460 you're just a regular guy and you're trying to set aside some money long-term five ten years

00:04:22.840 between the four, how do you deploy it?

00:04:25.460 I wait.

00:04:26.300 There's a classical argument that says wait 10 trading days

00:04:29.420 for all of the pop and drop to settle,

00:04:31.580 but then be a buy and hold player if you believe in that company,

00:04:35.000 you look at the early analyst reports,

00:04:38.360 and you believe that's going to be it.

00:04:39.640 Where would you be?

00:04:40.540 Where would I be on all of these?

00:04:43.020 On all of the four.

00:04:45.120 Would you still do 50 Anthropic and then do 16, 16, 16? 0.90

00:04:49.420 Yeah.

00:04:49.820 The one I have the greatest question mark about is OpenAI.

00:04:54.000 Makes sense.

00:04:54.540 I have a question about because their valuation is almost double right now.

00:04:58.740 Am I correct?

00:04:59.640 Double Anthropic in early estimates.

00:05:01.800 By the way, Anthropic took their revenue from last year.

00:05:04.400 I think it was $9 billion to like $46 billion right now over 12 months.

00:05:08.460 They have 5x in 12 months.

00:05:10.220 Just revenue.

00:05:11.960 And all this talk about Fable 5.

00:05:13.700 And all the talk about Fable 5 appears to be OpenAI kind of chasing Anthropic a bit.

00:05:19.420 And so I feel like they're the pursuer, and Anthropic is now suddenly the lead.

00:05:24.740 So that's why I go that way.

00:05:25.460 Got it.

00:05:25.740 Good feedback.

00:05:26.260 Pomp, where are you at with this?

00:05:27.940 I would do 50% SpaceX, 50% Anthropic.

00:05:30.740 I wouldn't invest in OpenAI.

00:05:33.260 There's a couple data points I think are important.

00:05:35.580 So the first is in the stock market, the single best day to buy stocks is at an all-time high.

00:05:41.440 So it outperforms any other day of the year that you could buy when the stock market hits an all-time high if you buy that day.

00:05:46.820 Why is that?

00:05:47.820 Momentum but gets momentum.

00:05:49.420 So if you look this year, I don't know, where were you at, 21, 22, 23, new all-time highs in the stock market.

00:05:55.660 So if you're buying an all-time high day, that means that the market has momentum and it's likely to continue.

00:06:00.040 Things in motion stay in motion, right?

00:06:01.760 True in financial markets, true in science as well.

00:06:04.580 The second thing is now there's a study that just came out that shows a company that is at a billion-dollar valuation

00:06:09.660 compared to a company that is at a $100 billion valuation.

00:06:13.040 The companies at $100 billion valuation get to a trillion, they 10x,

00:06:17.280 at a higher percentage than the companies that are only at a billion.

00:06:19.820 So interesting.

00:06:20.880 So what does that mean?

00:06:22.340 The advantage of scale, the advantage of momentum.

00:06:24.620 Like if you're at $100 billion, it means that you've already gotten to that point.

00:06:28.860 It's working, right?

00:06:29.960 And so you're betting on the thing that is already working.

00:06:31.780 You start to compound.

00:06:32.460 Think of Amazon, right?

00:06:33.460 Amazon, Google, Facebook, all these companies continue to compound at these great things

00:06:37.460 because they have an advantage that got them to that place in the first point.

00:06:40.580 So second thing.

00:06:41.800 And a third thing that I think is really interesting is everyone always talks about would you buy, would you not.

00:06:46.720 But a lot of people don't talk about what is your time horizon.

00:06:49.120 So if you're 80 years old and you need cash next month because you got no job and you need cash flow,

00:06:55.620 you probably shouldn't be buying any of these things, right, because they are going to be very volatile.

00:06:59.320 But if you're a young person and you look at this, what you want to be is you want to be in the category creator.

00:07:04.260 SpaceX, use them as the example, they have a monopoly on the ability to launch.

00:07:07.900 they have really the only scalable repeatable reusable rocket and then what they've started

00:07:13.980 to realize which elon is so good at is they're starting to vertically integrate so they say okay

00:07:16.940 well if we can get the space the cheapest we could put a bunch of other people's stuff on our rockets

00:07:20.780 but what if we put our own stuff oh well let's go launch satellites and we'll beam the internet down

00:07:24.620 so then you get starlink then they say well what if we also launch the orbital data centers and so

00:07:29.340 they just keep eating into this value chain now what i find very interesting is there was this

00:07:33.440 famous slide in the IPO deck that showed the total addressable market. And the markets are

00:07:39.280 pretty big for space and orbital data centers, etc. And then they're like enterprise AI. And it

00:07:44.780 was this like $28 trillion thing. And the reason why that is important is because really what we're

00:07:51.920 starting to realize, if you think of the Elon orbit, everything comes back to machine learning,

00:07:56.700 artificial intelligence, the models, and the ability to use software and data to do things

00:08:02.620 that no one else can do.

00:08:03.380 And so what is Tesla?

00:08:04.260 Tesla's an AI company.

00:08:05.300 What is SpaceX now?

00:08:06.380 SpaceX is really becoming an AI company.

00:08:08.460 And he is living at the intersection

00:08:10.620 of the hardware and AI,

00:08:12.320 but ultimately it is the AI technology

00:08:14.540 that everyone is betting on.

00:08:16.400 And so the Cerebris, as an example,

00:08:18.500 everyone is so worried about things being in a bubble.

00:08:21.140 Go look at any part of the AI market.

00:08:22.840 There is a significant demand

00:08:25.380 compared with a constrained supply.

00:08:27.840 So you have demand outstripping supply.

00:08:29.620 You can't have a bubble

00:08:30.680 if there is so much more demand than there is supply.

00:08:33.440 The only way you get a bubble and the popping of a bubble

00:08:35.720 is when supply catches up.

00:08:37.860 And so everyone is investing very aggressively

00:08:39.600 to try to catch up to the demand.

00:08:41.140 At some point, that will flip.

00:08:42.860 But right now, I mean, show me one part of the AI trade

00:08:45.280 where supply outstrips demand.

00:08:47.120 There's nowhere.

00:08:47.940 It's the exact opposite.

00:08:48.880 Demand is exponentially increasing.

00:08:51.660 And you've got people who are like,

00:08:53.060 we can't find hardware.

00:08:54.540 We can't find power.

00:08:55.300 We can't find all these constraints in the physical world.

00:08:58.840 Money doesn't solve that.

00:08:59.920 You still got to go build this stuff and it takes time.

00:09:02.140 And by the way, with SpaceX, if it's a one and a half, whatever the number is, trillion dollar valuation, what do you think is going to be in 10 years?

00:09:08.940 You think it'll be 15 trillion in 10 years?

00:09:10.660 You think it's got what it takes to 10x in 10 years?

00:09:12.840 I think that we drastically underestimate how big these markets get, right?

00:09:16.640 So if you go back and you look at, for example, let's just take SpaceX as a company.

00:09:21.020 If in 2000 you said, hey, there's a company that could be worth a trillion dollars.

00:09:24.300 Forget SpaceX as a company, but just like any company could be worth a trillion. 0.97

00:09:27.160 You're crazy. 0.99

00:09:27.720 That was nuts. 0.94

00:09:28.360 We now have, I don't know, what, eight, nine, ten companies that are over a trillion dollars, right?

00:09:32.180 So then we're like, oh, ten trillion sounds crazy.

00:09:35.160 Like, we may have a ten trillion dollar company in the next three or four years, right, given the pace that we're on and the shortage.

00:09:40.220 I think in a year, because we've got a five and a half trillion dollar company right now.

00:09:42.960 So you could go ten trillion in a year.

00:09:45.040 So my friend Jordy Visser brought up recently, Eli Lilly is a trillion dollar company.

00:09:49.760 They reported in Q1 their revenue grew 55% year over year.

00:09:53.400 Stop it.

00:09:54.200 A trillion dollar company growing revenue at 55% year over year.

00:09:57.260 Now, they're acquiring companies.

00:09:58.700 They're leaning into AI.

00:09:59.080 The average person doesn't even know Eli Lilly is a trillion-dollar company.

00:10:01.860 I mean, how crazy is that?

00:10:03.160 So I was talking to Jordi about this, and I said to him, I said, you know, explain to me more.

00:10:07.140 They have a 1,000 GPU data center on their campus.

00:10:11.780 Eli Lilly, what are they doing with an AI data center that they're building themselves?

00:10:15.360 Why is revenue up 55% year-over-year?

00:10:17.040 Where's their campus at, Rob?

00:10:19.020 Where's Eli Lilly based at that?

00:10:21.400 You said they have 1,000 GPUs on their campus?

00:10:23.940 Correct.

00:10:24.280 And so if you think about what's happening here is you're starting to realize that having access to data, having access to resources, you are going to compound that advantage.

00:10:34.080 And so if you're a trillion-dollar company like Eli Lilly, if all of a sudden you can go to $5 trillion, $10 trillion, well, that becomes super interesting because maybe the risk-adjusted return on these big companies is actually much more attractive than going and allocating to some early-stage startup or trying to go and pick some smaller market cap company.

00:10:52.400 And so I just think that, like, we underestimate the market size,

00:10:55.580 we underestimate the importance of scale, and these companies have that.

00:10:58.700 By the way, this is so important for the average person listening to not be left behind

00:11:03.380 because you ever hear the stories about the rich get richer, the poor get poorer?

00:11:06.940 It's because the rich during these times, they're involved in equities.

00:11:10.360 When it goes, it goes, and the poor sits there and thinks about it,

00:11:13.760 and then the disparity between the two gets wider and wider and wider,

00:11:16.740 and people say, why is this happening?

00:11:17.940 Brandon, your thoughts on this?

00:11:19.860 Yeah, I'd go 33% SpaceX, 33% Anthropic, 33% with Cerebrus.

00:11:26.100 Not even touch OpenAI?

00:11:27.380 No, I think they're a dog.

00:11:29.600 I think they're going to be extinct in a couple of years.

00:11:32.100 They've completely lost strategic clarity.

00:11:34.040 They're coming out with these new ideas saying, oh, yeah, we're not worried about ChatGPT anymore.

00:11:38.460 We're going to create all these chatbots and have things operate on your behalf like they're talking about in that article we're going to get to.

00:11:45.080 so wouldn't touch open ai but uh yeah i think anthropics and powerhouse i think spacex the

00:11:50.480 whole world's going to run off of it uh with the you know what wi-fi um what that's going to do

00:11:55.000 military applications like you know a lot of the drone warfare is completely dependent on um what

00:11:59.800 uh what is it uh their satellites do with uh starlink and um yeah with the the cerbros company

00:12:07.320 it's probably the only competitor to nvidia i mean you know their whole thing is they um they're

00:12:12.060 coming out with like the bigger chips because they're saying it's a shorter distance that the

00:12:15.160 electrons have to travel across instead of like a bunch of small chips they have the one big chip

00:12:18.980 so you know nvidia's got 80 of the chip making gpu markets so somebody's got to take some of that

00:12:23.980 you know they're probably the most realistic competitor they have a i think a deal with

00:12:27.200 amazon and open ai for great you want that you want i want to know who's number two to nvidia

00:12:31.940 competition because they're still going to get some market shares 38 of you guys are business

00:12:36.040 owners if you're a business owner this is by far the worst season to go through it by yourself so

00:12:40.700 Vault Conference. If you haven't yet registered, Rob, you may want to play this clip. Every one of

00:12:46.140 us is one relationship away from taking our lives and our business to the next level. I want you to

00:12:50.800 hear this story about what a friend of Elon Musk ended up doing just because of becoming friends

00:12:54.840 with him. Go ahead, Rob. Have you heard about Elon Musk's friend named Antonio Gracios, who

00:12:58.780 allegedly they made in the mid-90s networking, they became friends, and he lent Elon a million

00:13:04.180 dollars, which somehow, someway ends up owning 7.3% of SpaceX. That million dollars today,

00:13:09.760 according to Entrepreneur Magazine, could be worth between $100 billion to $150 billion,

00:13:15.320 making them top 50 richest men in the world.

00:13:17.780 So how did this happen?

00:13:18.860 Every one of us, if you're watching this, you are one contact, one relationship away

00:13:22.840 from changing your business, changing your life.

00:13:24.980 How do you do it?

00:13:25.900 You've got to put yourself out there.

00:13:27.160 If you're not, the way I did it is by going to 4 to 10 business conferences every year.

00:13:31.320 Once a year, we host an event called The Vault Conference.

00:13:33.880 This year, we're doing it at the MGM Grand Arena, August 31st to September 3rd.

00:13:38.200 12,000 people will be attending this event if you haven't yet registered.

00:13:42.900 Your Antonio may be at that event.

00:13:45.120 Click on the link above or below.

00:13:46.420 Get registered.

00:13:47.020 We'll see you there.

00:13:48.140 Again, bring your business partners.

00:13:49.980 A lot of people are bringing their employees.

00:13:51.500 Every year, they're bringing somebody new.

00:13:53.260 If anybody that comes in, they typically bring back 5, 10, 15 people the next year with them.

00:13:57.200 I think one of the companies from France, if I'm not mistaken, is bringing 500 people to the event, to the Vol Conference.

00:14:03.820 but Logan Paul will be there to talk about how to create content

00:14:06.460 and get noisy at a time like this.

00:14:07.980 He's always in the marketplace talking about it.

00:14:09.840 I know he's got a torn triceps, but even that makes it in the news.

00:14:12.540 Stephen Bartlett, fastest-growing podcast in the world from Diary Review's CEO.

00:14:16.140 He'll be there.

00:14:17.080 Jerry Rice and Joe Montana will be sitting down with me

00:14:19.320 to talk about how to find running mates.

00:14:21.600 And last but not least, Dan Martell, the great Dan Martell,

00:14:24.200 will talk about how to use AI, multiple eight-figure exits,

00:14:27.260 author of Buy Back Your Time.

00:14:29.880 They will be at the conference as well.

00:14:31.120 If you enjoyed this video and you want to watch more videos,

00:14:32.960 like this, click here. And if you want to watch the entire podcast, click here.

Valuetainment - June 11, 2026

“The Summer Of IPOs” - SpaceX & Anthropic Could 10X Into TRILLION‑DOLLAR BEASTS

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