Private mega-valuations limit public post-IPO upside
The argument was made that mega-cap private companies like SpaceX, Anthropic, and OpenAI absorb most of their valuation upside in private markets, limiting public investors' potential multi-bagger returns.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day — no card required.