The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel – All-In with Chamath, Jason, Sacks & Friedberg

The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel – All-In with Chamath, Jason, Sacks & Friedberg — Transcript

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PL— Planet Labs has experienced a 10x stock increase from $5 to $50 over twelve months, with 60% defense/security revenue providing stability. The company has 200 satellites imaging the entire Earth daily, and AI is reducing barriers to entry for accessing satellite data, unlocking a $75-100B market opportunity in earth observation.
CBRS— Cerebras IPO'd at $18, opened at $32, and currently trades at $230 with $50-60B market cap. The company delivers 15-18x faster performance than GPUs for AI workloads through its unique wafer-scale chip architecture, with OpenAI as a customer. Historical data shows more money is made post-IPO than pre-IPO.
NVDA— NVIDIA's growth is underpinned by AI opening up vast new areas of compute that were previously foreclosed, particularly in images and language processing. The company benefits from the fundamental shift where AI allows computers to address problems they were historically bad at.
SPACEDATACENTERS— Space-based data centers will become economically viable within 2-3 years as launch costs decline from $1,000/kg to $200-300/kg. Solar panels in sun-synchronous orbits can collect 5x more energy than on Earth with no intermittency, making space compute infrastructure potentially cheaper than terrestrial within a few years. Planet Labs is partnering with Google and NVIDIA to test this.
AIMODELS— AI models will see explosive growth in applications when combined with real-world data from space. Current LLMs are 'blind' to real-world situations, and feeding them planetary data will unlock 'gazillions of applications' and enable a huge economy through 'large earth models' or 'planetary intelligence.'
IPOS— The trend is shifting back toward earlier IPOs at lower valuations ($1-5B) after a decade of 'stay private forever.' Companies want to go public sooner to benefit from public market scrutiny and allow broader participation. Brad Gerstner sees the pendulum swinging back and expects many portfolio companies to pursue earlier IPOs.

Not investment advice.

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