IPO CLUB
investments.
Disruptive startups, growing fast and shaping the future. Each company below links to our coverage. The colour key shows our relationship to each name.
Fund I
IPO.CLUB LLC · 2020 vintage
SpaceX
IPO'd · holdingxAI
IPO'd · holdingAddepar
Currently investedBoxabl
Currently investedEpic Games
Currently investedFlexport
Currently investedImpossible Foods
Currently investedKraken
Currently investedNatilus
Currently investedNeuralink
Currently investednewcleo
Currently investedOpenAI
Currently investedPerplexity
Currently investedPlaid
Currently investedRipple
Currently investedTerradepth
Currently investedAmerica 2030
A series of IPO CLUB II LLC
Kodiak
IPO'd · in lock-upACS
Currently investedDefenseShotling
Currently investedDefenseRoboticsImpossible Metals
Currently investedCritical MineralsRoboticsLightmatter
Currently investedAI InfrastructureEnergyLoft
Currently investedSpaceDefensenewcleo
Currently investedEnergyAI InfrastructureRedwood Materials
Currently investedCritical MineralsEnergyAI InfrastructureSambanova
Currently investedAI InfrastructureDefenseShield AI
Currently investedDefenseAI InfrastructureRoboticsTerradepth
Currently investedDefenseRoboticsAnduril
Due diligencedDefenseBoom
Due diligencedEnergyReflect Orbital
Due diligencedDefenseEnergySpaceAalo
PipelineEnergyAgility Robotics
PipelineRoboticsApptronik
PipelineRoboticsArmada
PipelineAI InfrastructureAVRAX Systems
PipelineDefenseBlue Water
PipelineDefenseBlue Origin
PipelineSpaceAI InfrastructureCastelion
PipelineDefenseCesiumAstro
PipelineSpaceChaos
PipelineDefenseCrusoe
PipelineAI Infrastructured-Matrix
PipelineAI InfrastructureFigure
PipelineRoboticsFirehawk
PipelineDefenseFirestorm
PipelineDefenseForterra
PipelineDefenseGallatin
PipelineDefenseKoBold Metals
PipelineCritical MineralsNatilus
PipelineRoboticsPicogrid
PipelineDefensePsiQuantum
PipelineAI InfrastructureSaronic
PipelineDefenseSkydio
PipelineDefenseSkyways
PipelineRoboticsStar Catcher
PipelineSpaceTerraPower
PipelineEnergytogether.ai
PipelineAI InfrastructureVarda
PipelineSpace1X Technologies
ResearchRobotics9 Mothers
ResearchDefenseAlbedo
ResearchSpaceDefenseAndrenam
ResearchDefenseApplied Intuition
ResearchDefenseRoboticsAstranis
ResearchSpaceDefenseATMOS Space Cargo
ResearchSpaceDefenseAtomic Industries
ResearchAI InfrastructureRoboticsAuterion
ResearchDefenseRoboticsBase Power
ResearchEnergyBedrock Energy
ResearchEnergyBedrock Robotics
ResearchRoboticsCambridge Aerospace
ResearchDefenseCohere
ResearchAI InfrastructureCommonwealth Fusion
ResearchEnergyCX2
ResearchDefenseD-Orbit
ResearchSpaceDelian Alliance Industries
ResearchDefenseDurin Mining Technologies
ResearchCritical MineralsRoboticsElementUSA
ResearchCritical MineralsDefenseElroy Air
ResearchDefenseEnergy Dome
ResearchEnergyEpirus
ResearchDefenseForm Energy
ResearchEnergyFortem Technologies
ResearchDefenseGecko Robotics
ResearchRoboticsGeneral Matter
ResearchCritical MineralsEnergyDefenseGroq
ResearchAI InfrastructureHadrian
ResearchDefenseHavocAI
ResearchDefenseHelsing AI
ResearchDefenseHermeus
ResearchDefenseSpaceHeron Power
ResearchEnergyInterlune
ResearchSpaceKela Technologies
ResearchDefenseKepler Communications
ResearchSpaceKraken Technologies
ResearchDefenseKyten Tech
ResearchDefenseEnergyLambda
ResearchAI InfrastructureLast Energy
ResearchEnergyLilac Solutions
ResearchCritical MineralsLyten
ResearchEnergyDefenseAI InfrastructureMach Industries
ResearchDefenseRoboticsMaritime Fusion
ResearchRoboticsMARTAC
ResearchDefenseMistral AI
ResearchAI InfrastructureModular
ResearchAI InfrastructureNeura Robotics
ResearchAI InfrastructureRoboticsNexla
ResearchAI InfrastructureNscale
ResearchAI InfrastructureODIN Space
ResearchSpaceDefenseOnebrief
ResearchDefenseOrqa
ResearchDefenseOverland AI
ResearchDefensePhoenix Tailings
ResearchCritical MineralsDefensePhysical Intelligence
ResearchAI InfrastructureRoboticsPoseidon Aerospace
ResearchDefenseRoboticsQuantum Brilliance
ResearchAI InfrastructureDefenseQuindar
ResearchSpaceDefenseR2 Wireless
ResearchDefenseRadiant Nuclear
ResearchEnergyRebellions
ResearchAI InfrastructureReOrbit
ResearchSpaceDefenseSaildrone
ResearchDefenseSanctuary AI
ResearchRoboticsSapient Perception
ResearchDefenseAI InfrastructureScale AI
ResearchAI InfrastructureSeasats
ResearchDefenseSiFive
ResearchAI InfrastructureSkild ai
ResearchRoboticsSkyFi
ResearchSpaceDefenseSPAICE
ResearchSpaceRoboticsAI InfrastructureStarcloud
ResearchSpaceAI InfrastructureTekever
ResearchDefenseTensorwave
ResearchAI InfrastructureUlysses Maritime Technologies
ResearchDefenseValar Atomics
ResearchEnergyDefenseVannevar Labs
ResearchDefenseVSORA
ResearchAI InfrastructureVulcan Elements
ResearchCritical MineralsDefenseWestmag
ResearchDefenseRoboticsCritical MineralsX-Bow Systems
ResearchDefenseSpaceZipline
ResearchDefense
SpaceX
Designer of rockets and spacecraft intended to making life multiplanetary. The Company designs and manufactures reusable space launch vehicles for the transport of cargo and humans into space, enabling clients to experience and benefit from affordable spaceflights.
The Company has two distinct business units: Space Launch and Satellite Communications (Starlink)
CesiumAstro
Advanced connectivity solutions for space and defense. The company delivers next-generation systems that connect, detect, and defend across commercial, government, and national security missions. IPO CLUB covers the startup for its resilience, short-terms fund: America 2030
Firehawk Aerospace
Designs and manufacturing modern high-performance hybrid and solid rocket engines for the defense industry. IPO CLUB covers this startup for its resilience short-term fund: America 2030
KoBold Metals
Critical-minerals exploration and development company that combines AI/ML + geoscience to improve discovery rates for minerals central to electrification and energy resilience (notably copper, lithium, nickel, cobalt). KoBold positions itself as making exploration “repeatable” by integrating large geoscience datasets with advanced modeling and domain expertise.
d-Matrix
d-Matrix is a fabless semiconductor company building specialized AI inference accelerators designed to dramatically reduce the cost and energy consumption of serving large language models and generative AI workloads. The company's thesis centers on the economics of AI inference—the production phase of serving deployed models—which represents the vast majority of compute costs in AI systems once models move beyond training. d-Matrix has raised $429 million in total funding across three rounds: $44M Series A (2022), $110M Series B (September 2023), and $275M Series C (November 2024).
Terrapower
TerraPower is an American nuclear reactor design and development company. TerraPower focuses on creating advanced nuclear technologies that provide safe, affordable, and abundant carbon-free energy. The company's mission is to address critical global challenges in energy, climate, and human health through innovative nuclear technology. TerraPower aims to improve quality of life worldwide by delivering clean energy solutions and advancing medical technologies, such as processes to extract radioisotopes for cancer treatment.
Star Catcher
Star Catcher Industries is a Jacksonville, Florida-based space infrastructure company founded in 2024 by seasoned space entrepreneurs Andrew Rush and Michael Snyder alongside venture capital expert Bryan Lyandvert. The company operates under the fundamental mission to eliminate power constraints on satellites and spacecraft by constructing the Star Catcher Network—the world's first space-based energy grid designed to wirelessly transmit concentrated solar energy directly to satellites' existing solar arrays.
Agility Robotics
Agility Robotics is a Corvallis, Oregon-based robotics company developing bipedal humanoid robots designed to operate in human-centric environments. Founded in 2015 as a spinout from Oregon State University’s Dynamic Robotics Laboratory, the company operates under the philosophy that robots should be versatile enough to work in spaces built for people—navigating stairs, curbs, and unpredictable terrain—rather than requiring purpose-built infrastructure. Its fundamental mission is to build "robots that work," specifically addressing labor shortages and performing dull, dirty, or dangerous tasks in logistics and manufacturing.
Apptronik
Apptronik is a human-centered robotics company headquartered in Austin, Texas, developing AI-powered humanoid robots designed to augment human capability rather than replace it. Founded in 2016 as a spinout from the University of Texas at Austin's Human-Centered Robotics Laboratory, the company operates under the philosophy that "It is not Man vs. Machine, but Man + Machine." The company's fundamental mission is to create "human helpers to support humanity in every facet of life" by building versatile robots that address labor shortages, improve workplace efficiency, and ultimately transform how humans work and live.
Together.ai
Together AI is a research-driven artificial intelligence company specializing in decentralized cloud services that empower developers, researchers, and enterprises to train, fine-tune, and deploy generative AI models at scale. Founded in 2022 and headquartered in San Francisco, Together AI has rapidly become a leader in AI infrastructure, focusing on making advanced AI accessible, affordable, and open-source1268.