Keep pulling the thread on Jason Lemkin & Rory O'Driscoll.
Jason predicts that four major tech companies—SpaceX, Canva, Databricks, and Anthropic—will conduct their IPOs in 2026, with most occurring in the second half of the year.
Jason predicts that OpenAI will not go public until mid-2027 due to its high cash burn rate.
Rory claims that Anthropic has a faster growth rate than OpenAI and that its valuation is converging with OpenAI's.
Harry predicts the SpaceX IPO will be the largest in history.
Rory states that Revolut recently raised capital at a $75 billion valuation.
Jason states that Google owns almost 10% of SpaceX and approximately 14% of Anthropic.
Jason states that Databricks has reached a $5 billion revenue run rate and is accelerating its growth to 55%.
Harry states that ElevenLabs scaled to $400 million in Annual Recurring Revenue (ARR) in 2025.
Rory states that Meta acquired a company for $14 billion primarily for its talent.
Harry cites NVIDIA investing $100 billion into OpenAI as a key example of the "circular deals" trend in 2025.
Jason predicts that viable competitors to NVIDIA's high-end GPUs will not emerge in 2026.
OpenAI's corporate strategy is based on the belief that its revenue growth is directly and linearly correlated with its investment in compute power.