Venture capitalist Chamath Palihapitiya warned private companies to go public immediately or risk being shut out of capital markets, citing shrinking investor appetite and AGI-driven valuation uncertainty, as companies like SpaceX, OpenAI, and Anthropic gear up for potential IPOs this year.
Speaking on an episode of the All-In podcast released late on Friday, Palihapitiya discussed the risks tied to the upcoming initial public offerings of several tech giants. He said the IPO market may be nearing saturation and warned that companies entering later in the cycle could face greater risks.
“I think the risk increases when you are at the tail end because the risk is that the diners will run out of space… you just can’t absorb incrementally trillions of dollars of new demand,” he said.
Sharing his views on the impending IPO frenzy and the potential risks involved, Palihapitiya compared the IPO pipeline to a Thanksgiving feast, stating that the initial companies to go public would have a competitive advantage, while those at the end of the chain might struggle …
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