Databricks Overtook Snowflake. Here's Why They Should IPO Before SpaceX.
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Show Notes
Databricks has overtaken Snowflake in quarterly revenue — and Matt argues they should IPO before SpaceX does. Anduril raises $4 billion at $60 billion amid the US-Israel war with Iran. And Claude crashed under "unprecedented demand" as 700K users pledge to quit ChatGPT.
In today's episode:
Databricks vs. Snowflake deep dive: Tunguz revenue crossover data, the public-vs-private dynamic, and the case for being the first IPO of 2026
Anduril's $4B raise: war context, Trae Stephens shoutout, and the irony of Anthropic being banned while their tools are used at war
Claude demand surge: the outage, ChatGPT exodus numbers (295% uninstalls, 775% one-stars, 700K cancellation pledges), and why the product speaks for itself
A personal note on Americans stuck in Dubai and the human cost of what's happening
Sound bites: "It's kind of weird to see private companies get so big they're trolling public companies." "The people are speaking." "I've voted with my pocketbook."
Sources: Tomasz Tunguz (Theory Ventures), Bloomberg, Reuters, TechCrunch, CNBC, Sensor Tower
Tomorrow: SpaceX confidential IPO (timing TBD — Elon's the master marketer)
Host: Matt Parker | Newsletter: stretchfour.substack.com | Presented by ModernTax (moderntax.io)
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