{"id":3110267,"date":"2026-04-07T14:29:39","date_gmt":"2026-04-07T21:29:39","guid":{"rendered":"https:\/\/techcrunch.com\/?post_type=tc_podcast&#038;p=3110267"},"modified":"2026-04-07T14:29:46","modified_gmt":"2026-04-07T21:29:46","slug":"how-secondary-markets-are-pricing-spacex-openai-and-anthropic-before-they-go-public","status":"publish","type":"tc_podcast","link":"https:\/\/techcrunch.com\/podcast\/how-secondary-markets-are-pricing-spacex-openai-and-anthropic-before-they-go-public\/","title":{"rendered":"How secondary markets are pricing SpaceX, OpenAI, and Anthropic before they go public"},"content":{"rendered":"\n<div style=\"margin-bottom:var(--wp--preset--spacing--56);margin-top:var(--wp--preset--spacing--56);\" class=\"wp-block-tc23-podcast-player\">\n\t<iframe loading=\"lazy\" class=\"tcembed-iframe tcembed--megaphone wp-block-tc23-podcast-player__embed\" height=\"200px\" width=\"100%\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https:\/\/playlist.megaphone.fm?e=TCML3920303195\"><\/iframe>\n\t<\/div>\n\n\n\n<p id=\"speakable-summary\" class=\"has-text-align-left wp-block-paragraph\">In this episode of StrictlyVC Download, Connie Loizos talks with Rainmaker Securities managing director Glen Anderson about the surge in the secondary market as investors race to buy shares in some of tech\u2019s most sought-after private companies. From SpaceX to OpenAI to Anthropic, demand is intensifying ahead of an IPO window that is potentially reopening. Glen explains how the secondary market really works, why some companies have plenty of buyers but no sellers, and what recent activity reveals about investor sentiment. He also shares why SpaceX has been such an outlier, what\u2019s behind the imbalance between OpenAI and Anthropic, and how institutional investors are navigating this increasingly competitive market.<\/p>\n","protected":false},"author":133574517,"featured_media":2834918,"template":"","meta":{"tc-featured-article":false,"tc-header-option":"","tc-breaking-news":false,"tc-article-brief":false,"carmot_uuid":"","apple_news_api_created_at":"2026-04-07T21:29:45Z","apple_news_api_id":"519715d2-6a6a-4fbd-b8ab-edaefa348cc1","apple_news_api_modified_at":"2026-04-07T21:29:45Z","apple_news_api_revision":"AAAAAAAAAAD\/\/\/\/\/\/\/\/\/\/w==","apple_news_api_share_url":"https:\/\/apple.news\/AUZcV0mpqT724q-2u-jSMwQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"podcast_url":"https:\/\/playlist.megaphone.fm?e=TCML3920303195","podcast_duration":"","tc_featured_image_disabled":false,"tc_exclude_from_rss_feed":true,"tc_exclude_from_content_rivers":true},"categories":[577030455],"tags":[577370380,577311399,576886827,421223872,371748],"tc_podcast_type":[577278712],"tc_storyline_tax":[],"coauthors":[576927396],"class_list":["post-3110267","tc_podcast","type-tc_podcast","status-publish","has-post-thumbnail","hentry","category-venture","tag-rainmaker-securities","tag-strictlyvc-download","tag-anthropic","tag-openai","tag-spacex","tc_podcast_type-strictlyvc-download"],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.1 (Yoast SEO v25.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How secondary markets are pricing SpaceX, OpenAI, and Anthropic before they go public | TechCrunch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techcrunch.com\/podcast\/how-secondary-markets-are-pricing-spacex-openai-and-anthropic-before-they-go-public\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How secondary markets are pricing SpaceX, OpenAI, and Anthropic before they go public\" \/>\n<meta property=\"og:description\" content=\"In this episode of StrictlyVC Download, Connie Loizos talks with Rainmaker Securities managing director Glen Anderson about the surge in the secondary market as investors race to buy shares in some of tech\u2019s most sought-after private companies. From SpaceX to OpenAI to Anthropic, demand is intensifying ahead of an IPO window that is potentially reopening. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/techcrunch.com\/podcast\/how-secondary-markets-are-pricing-spacex-openai-and-anthropic-before-they-go-public\/\" \/>\n<meta property=\"og:site_name\" content=\"TechCrunch\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techcrunch\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T21:29:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techcrunch.com\/wp-content\/uploads\/2024\/08\/spacex-in-brief.jpg?resize=1200,675\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@TechCrunch\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n\t<meta 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