IPO & Exit Watch May–June 2026: The Liquidity Window Reopens
Anthropic's confidential IPO filing, SpaceX's $80B prospectus, Cerebras' listing, and StepFun's Hong Kong filing signal the largest liquidity event in venture history may be near.
investment-strategies
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Isar Aerospace's €270M: Building Europe's Sovereign Launch Capacity
Germany's Isar Aerospace raised €270M in June 2026 to scale orbital launch — Europe conducted fewer than 10 orbital launches in 2025, and Isar wants to fix that.
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Moonshot AI's Sprint to $30B: China's Kimi Maker Raises Again
China's Moonshot AI, behind the Kimi chatbot, closed $2B at $20B in May 2026 and is reportedly seeking $2B more at $30B — a 7x valuation leap in 18 months. September 2, 2026: The Information said it filed confidentially for a Hong Kong IPO and is in talks for a pre-IPO round at $50B — reported.
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StepFun's Hong Kong IPO: China's AI Infrastructure Play Goes Public
China's StepFun filed for a Hong Kong IPO at ~$12B in June 2026 after a $2.5B May raise, embedding its models in 40M+ phones and a Geely vehicle deal.
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NYC VC Fund News: Dimension Capital Files for $750M Fund III at ML × Life Sciences Intersection
New York-based Dimension Capital filed SEC Form D in June 2026 seeking up to $750M for its third fund, following $350M Fund I and $500M Fund II.
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3IF Ventures's $12M First Close: Funding Africa's Inclusive Insurance
3IF Ventures reached a $12M first close in June 2026, co-anchored by FSD Africa and ZEP-RE, to scale technology-enabled insurance across Africa.