The $50B IPO Is Coming | Who Goes Public Next?

In this episode of Mostly Growth, the number one podcast in product monetization, CJ and Kyle break down one of the most consequential questions in tech right now: which major private company will IPO first, and just how big will it be? From Anthropic and SpaceX to OpenAI, Databricks, and Canva, they rank the candidates, debate the motivations to go public in an era of unlimited private capital, and unpack what it means when an IPO could raise $100 billion or more. They also dig into the murky world of split-valuation fundraising rounds — and what it signals about the current market.---SPONSORS:RightRev is an automated revenue recognition platform built for modern pricing models like usage-based pricing, bundles, and mid-cycle upgrades. RightRev lets companies scale monetization without slowing down close or compliance. For RevRec that keeps growth moving, visit https://www.rightrev.comTropic is an intelligent spend management solution that consolidates your spend data and processes into one unified offering, enabling insights and decisive action. From spotting hidden optimization opportunities to automating painful procurement workflows and giving you the best market data to turn vendor negotiations in your favor, Tropic combines smart insights with real human expertise to keep you ahead of the curve. Visit https://www.tropicapp.io/mostlymetrics to learn how.HockeyStack is an AI platform for modern go-to-market teams that unifies sales, marketing, and customer data into a single system of action. With AI agents that prospect accounts, support reps, improve forecasting, and automate what's already working, HockeyStack helps teams move faster without guessing. Trusted by companies like RingCentral, Outreach, ActiveCampaign, and Fortune 100 teams—learn more at https://www.hockeystack.com---LINKS:Mostly Metrics: https://www.mostlymetrics.comCJ on LinkedIn: https://www.linkedin.com/in/cj-gustafson-13140948/Growth Unhinged: https://www.growthunhinged.com/Kyle on LinkedIn: https://www.linkedin.com/in/kyle-poyar/Slacker Stuff: https://www.slackerstuff.com/Ben on LinkedIn: https://www.linkedin.com/in/slackerstuff/---RELATED EPISODES:AI Is Breaking SaaS Pricinghttps://youtu.be/ujkZWqeHpQY---TIMESTAMPS:0:00 Preview and intro1:23 Intro banter and skincare routines3:51 IPO candidates and capital intensity5:28 Why go public when private capital is infinite?6:00 The case for going public8:32 Secondary market data and VC pressure9:26 Ranking the candidates: Anthropic first11:04 Sponsors — RightRev | Tropic | HockeyStack14:48 IPO banking fees16:13 SpaceX: second in line17:00 SpaceX valuation and capital raised18:01 OpenAI: third19:33 Databricks: fourth21:51 Canva: last on the list24:05 Stripe25:11 Honorable mentions: Ramp, Anysphere/Cursor, Plaid26:37 Wildcard: Liquid Death27:07 Business blunder: split-valuation fundraising31:11 Credits#MostlyGrowthPodcast #IPO #AIStocks #SaaSGrowth #VentureCapital