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SpaceX Investor Powerlaw Debuts As IPO Race Heats Up, Sonic AI
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SpaceX Investor Powerlaw Debuts As IPO Race Heats Up
Bloomberg Podcasts
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Jun 16, 2026
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11:41
Interview
SpaceX Investor Powerlaw Debuts As IPO Race Heats Up
Mike Cagney
(Guest)
•
Mike Dinsdale
(Guest)
•
Anthony Hughes
(Guest)
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Executive Summary
Power Law has launched the first venture-backed closed-end fund, providing public market access to a concentrated portfolio of high-growth private tech companies like SpaceX, OpenAI, and Databricks.
The fund's primary mission is to democratize venture capital, enabling non-accredited investors (who constitute 90% of US households) to access the wealth creation occurring in private markets.
The strategy involves liquidating positions after a portfolio company's IPO lockup expires to reinvest in new private opportunities, addressing the trend of companies staying private longer.
The speaker expresses high conviction in the fund's model and key holdings like SpaceX, viewing the current premium to NAV as a function of a supply-demand imbalance for high-quality private assets.
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