Access IPOs Podcast

Join the Waitlist^ - Pre-IPO Investing Course

Access Club: 7-Day Free Trial

Prepare for Anthropic and OpenAI with us.

Episode 73: The Anthropic IPO is coming soon. Craig breaks down the deal enthusiasm and IPO risks for retail investors. He looks at the current S-1 filing status and what to expect in the coming weeks. Plus, Anthropic's "run rate" explained.

Craig compares this deal to the SpaceX IPO, and shares three ways investors can prepare to invest today.

In IPO Radar news, Crusoe is the latest neocloud to move toward an IPO.

Disclosures: At the time of recording, the host is long SPCX, and Anthropic indirectly via VCX and ARKVX. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

^There's no obligation to buy. You'll simply be alerted to a special one-time deal upon the course launch. You'll also be subscribed to the Access IPOs Sunday Newsletter. Unsubscribe any time.

(0:00) Intro

(1:03) Anthropic IPO Optimism

(2:19) Anthropic IPO Risks

(4:54) Why IPO Now?

(5:53) Prepare to Invest

(6:58) Anthropic IPO Research

(7:48) Anthropic Chat Group

(8:08) Latest Developments

(8:52) Anthropic IPO Filing Process

(11:19) Anthropic's Run Rate

(12:14) Anthropic ARR Chart

(12:42) Anthropic IPO Valuation (FT)

(15:35) Retail IPO Access

(16:52) Pre-IPO Investing Course

(18:26) How to Invest in the Anthropic IPO

(20:08) #1 Free Up Cash

(21:01) #2 Open Accounts with IPO Access

(21:28) Best IPO Brokers List

(22:59) #3 Fund your Account

(23:14) Cleared Funds Graphic

(24:30) Best Practices

(25:17) Don't Chase Hot IPOs

(26:03) Broker IPO Allocation Distribution

(26:55) Crusoe IPO

(27:18) Neoclouds

(28:53) Connectivity

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Use Access Club Coupon Code "UP2026" to Save

Episode 72: The Robinhood Ventures Fund 2 - RVII IPO - is Thursday, August 13th. Craig walks through the investment strategy and fees structure to help investors determine their IPO share request or pass. The RVII fees are substantial, but a common necessity for venture capital investing.

RVII gives retail investors access to Y Combinator startup ecosystem, and area of investment previously reserved for accredited investors.

Plus, USVC is now available to invest in via SoFi (for an additional fee).

In IPO Radar news, recent IPO Bending Spoons has agreed to acquire long-term IPO radar startup Airtable. The deal highlights the inevitable negative outcome from inflated VC investing that occurred in 2020 and 2021.

Also, a recent report revealed that U.K.-based neocloud Nscale has selected banks for an IPO that could arrive this Fall.

(0:00) Intro

(0:31) Robinhood Ventures Fund 2 (RVII)

(1:28) Y Combinator Startups

(2:16) RVII IPO

(2:59) RVII Attributes

(3:26) Y Combinator Stats

(3:53) Cast a Wide Net

(4:49) Rebel Funds Jared Heyman

(5:24) Explore Y Combinator

(6:03) SAFE Vehicle

(6:58) RVII Fees

(9:20) Unicorn in the Rough

(10:02) Long-term Outlook

(10:59) RVII Holdings

(11:31) High Risk/Return

(12:50) Read the Prospectus

(13:35) Disclosures

(14:03) USVC on SoFi

(15:07) USVC Holdings

(15:27) USVC Fees

(15:58) Non-Accredited VC Funds

(16:32) IPO Radar News

(16:45) Bending Spoons Acquires Airtable

(17:01) BSP IPO, LIME IPO

(18:18) Airtable Funding Rounds

(19:08) SaaS Pain

(20:08) Hyperagent Spinoff

(20:58) Airtable Exit

(21:16) Miro Exit Potential

(21:44) Nscale IPO Potential 2026

(22:54) Neoclouds

(24:02) Nscale to IPO

(25:40) AI Investment (Bull-Bear)

(28:14) Programming Note

(28:52) Access Club Coupon Code

Disclosures: At the time of recording, the host is long VCX restricted shares and the Fundrise internet public offering (iPO), RVI, and ARKVX. He may initiate a position in RVII in the future. Access IPOs is an affiliate partner with Fundrise and Robinhood, and VCX is a paid sponsor of the Access IPOs podcast. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk, and consider speaking to a qualified financial advisor about your financial situation before investing.

Three private companies recently passed the $100 billion valuation threshold. Is it possible (or smart) to invest in Anduril, Revolut, and Blue Origin with so much growth already in the past? Jersey Mike's IPO disappointed retail investors who participated. Investors blame lack of share scarcity and private equity.

Fundrise surprised VCX investors by accelerating the post-listing lockup expiration date to August 14th. What else is new with the public venture funds (RVI, DXYZ, ARKVX, USVC), and how are they performing against their net asset values (NAV)?

In IPO Radar news, the Boring Company fundraises, Nvidia invests in Safe Superintelligence (SSI), and Whatnot looks to double its valuation.

Free Newsletter and Download

Access Club: 7-Day Free Trial

Disclosures: At the time of recording, the host is long VCX restricted shares and the Fundrise internet public offering (iPO). Access IPOs is an affiliate partner with Fundrise, and VCX is a paid sponsor of the Access IPOs podcast. At the time of recording, the host is also long RVI, ARKVX, and SPCX. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

(0:00) Intro

(0:32) JKME IPO

(2:55) $100 Billion Club

(3:28) Revolut Valuation

(4:33) Revolut Tender Offer

(4:55) Revolut IPO Timing

(5:40) Blue Origin Valuation

(7:29) Anduril $100 Billion Round

(8:39) Anduril Valuation (Pushback)

(11:52) Anduril IPO Prospects

(12:26) Other Club Members

(13:10) Opportunities to Invest

(14:25) VCX Lockup Expiration Date

(15:59) VCX Computershare Transfer

(18:24) VCX vs. DXYZ NAV Charts

(19:28) VC NAV (Net Asset Value)

(19:53) Robinhood RVI NAV

(20:34) Long-Term Investments

(20:57) NAV Conundrum

(22:03) IPO Radar

(22:13) Boring Company Valuation

(24:07) Convergence Premium

(25:35) Opportunities to Invest

(26:03) NVDA + Safe Superintelligence

(26:51) SSI Valuation

(28:23) No Product or Revenue Planned

(29:11) Whatnot Funding Round

(31:30) Outro

Episode 70: Boxabl completed its SPAC merger at a $3.5 billion valuation.

Unfortunately, the market won't support that valuation, while 50,000 pre-IPO investors are locked up for 14 months.

Plus, an update on the Jersey Mike's IPO and widespread retail access. Which way will it trade?

In IPO Radar news, Stripe's revenue and free cash flow revealed, and it's on the hunt. Colossal Bio seeks a colossal valuation, and Travis Kalanick's ATOMS raised $1.7 billion.

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(0:00) Intro

(0:29) Dry IPO Pipeline

(1:55) Boxabl SPAC Merger

(3:23) Equity Crowdfunding

(5:19) Boxabl Valuation

(6:16) BXBL Lockup

(8:52) Aptera Stock

(9:10) Early Rounds

(9:51) Disappointment

(10:46) Crowdfunding Gut Check

(12:10) Jersey Mike's IPO Update

(13:25) JMKE IPO Access

(14:06) Institutional Demand?

(14:58) MDLN IPO Win

(15:20) GEMI IPO Loss

(16:03) How Will it Trade?

(17:50) IPO Radar News

(18:24) Stripe PayPal

(20:51) Stripe OpenRouter

(21:28) Colossal Biosciences Valuation

(24:55) ATOMS $1.7 Billion Fundraise

(27:54) What Does ATOMS Do?

(29:38) Stay in Touch

Disclosures: At the time of recording - The host has no investment stake in BXBL. He may participate in the Jersey Mike's IPO, but does not own a pre-IPO stake. He owns an indirect equity stakes in Stripe and Anthropic through RVI and VCX. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

Episode 69: SpaceX stock has fallen below its IPO price of $135.

Now that it's underwater, what does that mean for IPO investors and long-term shareholders? Can it fall further?

Craig looks at recent IPOs for examples of companies that did not revisit their IPO prices, and companies that crossed below their IPO but became long-term winners.

In IPO Radar news, DeepSeek and Shein seek IPOs in China and Hong Kong. And Helsing, a European defense tech and drone manufacturer, raised a $1.8 billion Series E funding round at a $18 billion valuation. Sponsor: VCX --- The public ticker for private tech. Visit GetVCX.com for more info.

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(0:00) Intro

(0:24) SPCX Underwater

(1:38) CBRS Underwater

(2:11) Why Invest in IPOs?

(3:30) Sponsor: VCX

(4:46) SpaceX Stock

(5:51) Cerebras Stock

(6:13) 2026 IPO Performance Graphic

(6:57) Selling IPO Shares

(8:28) Why I Sold Shares

(10:33) 2025 IPO Performance Graphic

(12:44) Reddit IPO Performance

(12:59) Cava IPO Performance

(13:14) Facebook IPO Performance

(13:54) Taking Profits

(14:58) Risks of Waiting

(15:40) Unprecedented Territory

(17:02) Anthropic IPO is Next

(17:46) IPO Radar News

(18:10) DeepSeek IPO

(20:53) Shein IPO

(23:01) Helsing Series E

(24:38) Defense Tech Startup Investing

(26:20) Connect and Support

Disclosures: At the time of recording - Craig is long VCX restricted shares and the Fundrise internet public offering (iPO). Access IPOs is an affiliate partner with Fundrise, and VCX is a paid sponsor of the Access IPOs podcast. Craig is long SPCX, CBRS, META, CAVA, and CRCL. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

Sponsor: VCX --- The public ticker for private tech. Visit GetVCX.com for more info.

Episode 68: Craig shares what he learned at his recent visit to his local Jersey Mike's Subs restaurant as we await the Jersey Mike's IPO. He also walks through the Jersey Mike's initial S-1 filing to highlight key drivers for the next decade of growth.

In IPO Radar news, Blue Origin is raising its first outside private round ever at a $130 billion valuation. Plus, Plaid is exploring a path to IPO, and Crusoe's valuation is set to triple.

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(0:00) Intro

(0:25) About the Show

(2:21) Private Equity IPO

(3:57) Jersey Mike's Road to IPO

(4:40) My Visit to Jersey Mike's

(6:49) Sponsor: VCX

(8:07) Jersey Mike's IPO Filing Walkthrough

(9:37) Key Data Points

(10:40) Letters

(11:49) Revenue Numbers

(13:37) Stores and Sales Growth

(15:27) Unit Level Economics

(15:45) Expansion

(16:53) Jersey Mike's IPO Valuation

(18:05) Debt and Use of Proceeds

(20:00) Key Drivers

(20:34) Vs. Subway and TAM

(21:47) Summary

(22:10) IPO Radar News

(22:29) Blue Origin Funding Round

(25:04) Plaid IPO

(26:30) Plaid IPO Date

(27:37) Crusoe Funding Round

(28:28) Neocloud Stocks

(29:30) Crusoe Valuation

(30:40) Stay Connected

Craig welcomes Edoardo Zarghetta of IPO Club, a venture capital investing platform for accredited investors.

Edoardo shares his knowledge about defense tech investing pre-IPO, what metrics and KPIs to consider and various technologies and startups in the space, aside from Anduril and Shield AI. Learn More about IPO Club

Access IPOs Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI.

(see timestamp 5:33 for a coupon code to save)

Disclosures: At the time of recording, Craig is long SpaceX stock and private company shares via VCX restricted shares (Anduril), RVI, and the ARK Venture Fund. Access IPOs was not paid to make this video. It is not sponsored. All opinions are my own. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk.

Edoardo Zarghetta is long, or may be long all companies mentioned through the IPO Club platform and America 2030 fund.

(0:00) Intro

(0:30) Defense Tech Investing

(1:43) Welcome Edoardo

(4:17) Defense Investing Thesis

(6:20) Ukraine and Iran

(7:20) Startups vs. Legacy Contractors

(8:43) Soldier Augmentation

(9:46) Missile Crisis

(12:05) Cheap and Scalable

(12:40) Allen Control Systems

(14:15) Counter Drone

(15:30) Electronic Warfare

(17:25) AI Defense SaaS

(18:58) Sub-sea Layer

(19:23) PicoGrid

(19:57) Space

(20:35) Defense Manufacturing

(21:26) Hadrian

(21:49) Firestorm Labs

(22:17) Firehawk Aerospace

(22:38) X-Bow

(23:01) Realistic Exits

(24:45) Shield AI

(25:19) Defense M&A

(27:31) Sourcing Deals

(32:22) Valid Shares

(35:35) Aggressive Return Targets

(37:56) America 2030

(41:18) Learn More

(42:53) Outro

Craig highlights 9 upcoming IPOs expected in 2026, including startups in AI, restaurants, transportation, ecommerce, space, and energy.

The Upcoming IPOs List

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(see timestamp 5:33 for a coupon code to save)

January Upcoming IPOs

Disclosures: At the time of recording, Craig is long SpaceX stock, and OpenAI and Anthropic equity via VCX restricted shares, RVI, and the ARK Venture Fund. Access IPOs is an affiliate partner with Robinhood, and VCX is a sponsor of the Access IPOs podcast. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

(0:00) Intro

(0:42) Upcoming IPOs 2026

(1:38) January Predictions

(4:38) Patreon Plug

(5:33) Access IPOs Coupon Code

(5:54) Disclosure

(6:54) #1 Lime IPO

(8:14) #2 Bending Spoons IPO

(9:31) #3 Jersey Mike's IPO

(11:03) #4 Anthropic IPO

(13:42) #5 OpenAI IPO

(16:19) #6 Oura Health IPO

(17:38) #7 SB Energy IPO

(18:50) #8 Inspire Brands IPO

(20:23) #9 Sierra Space IPO

(22:06) Subject to Change

(22:45) Narrow Window

(23:58) Fraction of IPOs

(24:39) Things to Remember

While the SpaceX stock price is still trading above the IPO price, is it wise to take some profits now?

Craig cautions investors about flipping shares, and highlights the 5 retail broker flipping policies so you have the information you need to sell without being penalized.

Long-term holders don't need to worry. But those who received larger allocations than anticipated may be considering taking profits.

In IPO Radar news, Sierra Space and Axiom Space are moving toward IPOs in the next 6-12 months, riding the vapor trail of the SpaceX IPO.

Sponsor: VCX --- The public ticker for private tech. Visit https://getvcx.com for more info

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(0:00) Intro

(0:35) SpaceX Stock Valuation

(1:10) Think Before You Flip

(2:48) Sponsored Message

(4:00) SpaceX Taking Profits

(4:29) Flipping Shares

(6:20) SpaceX IPO Retail Allocations

(6:30) Fidelity IPO Flipping Policy

(7:10) Monday June 29th

(8:22) Robinhood IPO Flipping Policy

(10:00) SoFi IPO Flipping Policy

(12:14) Monday July 13th

(13:03) E*TRADE IPO Flipping Policy

(13:53) Schwab IPO Flipping Policy

(14:53) Best and Worst Brokers

(15:49) Sell Date Summary

(16:13) My Plan

(18:02) IPO Radar News

(19:21) Sierra Space IPO

(20:41) Axiom Space IPO

(23:08) Great Data! (Thanks)

Disclosures: At the time of recording, Craig is long SpaceX stock, HOOD, TSLA, VCX restricted shares, the Fundrise iPO, the ARK Venture Fund, and Fidelity mutual funds. Access IPOs is an affiliate partner with Fundrise and Robinhood, and VCX is a sponsor of the Access IPOs podcast, which contains a paid advertisement. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.

SpaceX delivered on its promise to allocate IPO shares to retail investors. Craig shares some insights into allocation data collected from the Patreon community.

Craig also introduces a new segment called Access Alert, highlighting pre-IPO investing opportunities for non-accredited investors.

This week we learned that Fundrise has laid the groundwork for the Fundrise Innovation Fund II, a step ahead of Robinhood's confidential filing announcement for the Robinhood Venture Fund II (RVII).

In IPO Radar news, Databricks finds another reason not to IPO, Perplexity targets 2028, and the Bending Spoons IPO is around the bend.

Free Newsletter and Download

("The IPO Process" One-Pager)

Access Club: 7-Day Free Trial

Don't invest alone. Time to prepare for Anthropic and OpenAI. Join us.

(0:00) Intro

(0:30) Elon Keeps his Promise

(0:51) SpaceX IPO Success

(1:51) Retail Allocations

(2:58) SpaceX Allocation Data

(3:13) E*Trade Allocations

(3:51) Fidelity Allocations

(5:05) SoFi Allocations

(5:32) Robinhood Allocations

(6:58) Schwab Allocations

(8:13) Help Improve the Data

(8:27) No New Lessons

(8:41) Now What?

(10:10) Thanks SpaceX and Elon

(11:30) Access Alert

(12:29) Robinhood Ventures Fund II(RVII)

(14:00) Fundrise Innovation Fund II (VCX2)

(16:54) Disclosures

(17:39) IPO Radars News

(18:03) Databricks Series M

(19:00) Databricks IPO No

(22:11) Perplexity IPO 2028

(24:50) Bending Spoons IPO

(27:06) New Filings?

(28:40) Next Opportunities

Disclosures: At the time of recording, Craig is long SpaceX, TSLA, HOOD, RVI, VCX restricted shares, the Fundrise iPO, the ARK Venture Fund, and Fidelity mutual funds. Access IPOs is an affiliate partner with Fundrise and Robinhood, and VCX is a sponsor of the Access IPOs podcast. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.