E132: MStanley OpenAI solution yields 2,800 more financial advisors, SpaceX wins $843m NASA contract, SpaceX tender increases to $210b, Parker/Schmidt save Stability AI

Send us Fan MailPre-IPO stock valuations = www.x.com/aarongdillon (see pinned post)Pre-IPO stock index fact sheet = www.agdillon.com/index00:06 | MStanley OpenAI solution yields 2,800 more financial advisors- “Debrief” acts as notetaker, summarizer, and 1st draft email composer for client meetings- Powered by OpenAI ChatGPT-4- Estimated 30 mins of advisor time saved per meeting- Assume 1.5 hrs saved per day per advisor across 15,000 total MStanley advisors is equivalent to adding 2,800 new advisors to ranks- Productivity gains to show in revenue, net income in 2025?01:18 |OpenAI acquires Multi- Multi allows developers to screenshare, work on code together- OpenAI Enterprise division aims to integrate collaboration tools with OpenAI’s AI solutions- Multi has 5 employees and raise only $13m, most of team will join OpenAI (acqui-hire)- OpenAI Enterprise has 600,000 users, 93% of Fortune 500 companies- OpenAI has a $105b secondary market valuation; +22% vs its last round in Apr 202402:30 | Parker, Schmidt invest into Stability AI- AI image and video generation business- Parker (ex-Facebook pres), Schmidt (ex-Google CEO), + others to invest $80m- $100m in debt, $300m in cloud obligations negotiated away- Prem Akkaraju (CEO) to provide a commercial strategy in 3 months- Focus on Hollywood studios as customers04:01 | SpaceX wins NASA/ISS contract- International Space Station (ISS) to be decommissioned- SpaceX won $843m contract to build the US Deorbit Vehicle to safely deorbit the ISS- Deorbit occurs in 203005:04 | SpaceX tender now at $210b- Current tender raised from $200b to $210b- Last round was $180b ($97/share) to $210b ($112/share)- Bloomberg reported 2024 revenue forecast to be $15b with Starlink delivering big revenue gains in the year- At 20x revenue multiple that is $300b valuation- $210b is a very attractive valuation, in our opinion06:12 | Hyperplane acquired by Nubank- Builds foundation AI models for banks re: risk, collections, and marketing- Acqui-hire as Hyperplane just raised a $6m seed 7 months ago- Nubank has $10.8b in ARR, serves 100m customers in Brazil, Mexico, Colombia07:03 | Perplexity gets SoftBank investment- AI search that competes with Google Search- SoftBank to invest $10m to $20m at $3.0b valuation- Part of a broader $250m round- SoftBank to make $100b in AI investments07:48 | Pre-IPO +0.77% for week, +63.08% for last 1yr- Up week: Scale AI +19.1%, Stripe +3.0%, Chime +2.9%, Databricks +2.8%, Wiz +2.1%- Down week: CoreWeave -2.8%, Anduril -2.3%, Revolut -1.8%, Notion -1.6%, SpaceX -1.5%- Top valuations: ByteDance $285b, SpaceX $189b, OpenAI $105b, Stripe $78b, Databricks $45b08:29 | 2024 Pre-IPO Stock Vintage Index week performance- www.agdillon.com/index for fact sheet pdf- 2024 Vintage Index top contributors since inception: Rippling +107%, Revolut +49%, Klarna +43%, Epic Games +36%, Anduril +27%- Key metric averages for all Vintage Indexes 5 years old or older…435% cumulative return since inception62% realized, distributed to investors5.35 TVPI; 3.31 DPI, 2.04 RVPI4.1 years to return the fund