Latest trends on
pre-IPO companies.
News on portfolio companies and sectors we cover.
What moved over the last two weeks
A short read on what moved this fortnight. Newcleo set a Nasdaq path via SPAC; Redwood paired with Waymo; Lightmatter joined NVIDIA's NVLink Fusion; Shield AI faced a safety flag; SpaceX prices its IPO. Our rare-earth thesis showed up hard, with DOE awards landing on names we already track, against a defense-tech funding surge that keeps validating where we concentrate diligence.
IPO CLUB Launches Advisor Desk
IPO CLUB launches Advisor Desk: live pre-IPO pipeline, quarterly valuations on 100+ companies, compliance-cleared DD pack, and a client-ready one-pager. Free for verified advisors. Six sectors: Defense, Energy, AI Infra, Robotics, Critical Minerals, Space.
Space After the SpaceX IPO
SpaceX's confidential IPO filing in April 2026, reportedly targeting a $1.5 trillion valuation, is the largest single event in the history of the space sector. It does three things at once: it validates space as a public-market category, it creates an instant comparable for everything else flying, and it sets a benchmark that no other space company can match without redefining what winning looks like.
The $10 weapon that changes everything
Iran has launched over 1,500 drones at Gulf targets in under a month. Each one costs $30K. The interceptor missiles used to stop them cost up to $3M each. That math breaks every defense budget on earth. The answer is autonomous AI-powered systems that defeat drones at $10 per kill. Counter-UAS is the defining defense investment of this decade. Full report inside.
America 2030 at Tectonic Defense Summit
America 2030 is attending the Tectonic Defense Summit in Austin on March 11–12, 2026, a conference focused on defense innovation, autonomy, military modernization, and the capital formation behind next-generation defense and security companies. The event agenda includes themes directly relevant to the fund’s mandate, including autonomy at sea, drone defense, missile and munitions scaling, Indo-Pacific strategy, and growth capital for emerging defense primes.
Google Settlement Is Positive for Epic Games
For Epic’s existing shareholders, the settlement is favorable because it accelerates Android revenue recovery, lowers take rates, strengthens Epic’s store distribution model, and removes a long-running legal overhang. The strongest shareholder-positive points are the faster return of Fortnite to mainstream Android distribution, lower effective fees, and the end of global litigation uncertainty.
Invest in SMR Companies - February 2026
The article summarizes each company’s jurisdiction, reactor technology, fuel type, development stage, and most recently disclosed valuation, based on publicly available information and industry disclosures as of 2024–2026.
Shield AI vs. Anduril
Shield AI and Anduril pursue distinct but complementary go-to-market strategies in defense technology. Shield AI proves full autonomy in elite, high-risk environments while Anduril scales vertically with integrated hardware and software systems. They operate at different layers of the modern defense stack, reshaping how missions are detected, assigned, and executed autonomously.
2025 Q4 Market Commentary
After a sustained rebound in private company valuations in 2024, during the most recent year the largest, most actively traded private growth stage companies knocked out of the park, with 2025 surpassing even the heady gains observed in 2021.
Buy SpaceX Stock?
A rocket stands on the launch pad, engines quiet, countdown paused somewhere in the middle. That’s SpaceX’s valuation today. Loaded with fuel. Cleared for ascent. But waiting for the next ignition sequence.