How the SpaceX IPO could change Silicon Valley
A big SpaceX investor shares his predictions for what comes next. Also: Why did Jassy narc on Anthropic? And some more links.
A reminder that I’ll be at Cannes Lions next week for a Monday evening of programming with Yahoo, plus a Tuesday panel called “Attention, AI and the Future of Marketing” at the OpenAP Villa.
The day before the SpaceX IPO, I called Shaun Maguire, the Sequoia partner who led the firm’s investments in the company.
Maguire spent 17 years in LA’s space scene and earned a PhD in physics from Caltech while studying black holes. He watched Friday’s IPO from Starbase with Musk. Sequoia’s roughly $2 billion investment in SpaceX is worth more than $20 billion, its biggest dollar return ever.
Much has been written about how the SpaceX IPO will change the financial lives of employees and investors. I wanted to know what Macquire thought it meant for the rest of the tech industry. With new startups, “there’s this reorientation happening right now from software to a lot more hardware,” he says.
