Glen Anderson, president of investment bank Rainmaker Securities, has seen a surge in private company shares, suggesting that three main companies are Anthropic, OpenAI, and SpaceX. He sees that demand for Anthropic's shares has been high, driven by the company's public standoff with the Department of Defense, which has boosted its appeal. However, he acknowledges that the momentum in the secondary market has shifted, with some still seeking exposure to both Anthropic and OpenAI. On valuation, Anderson confirmed that OpenAI shares are trading as if they were valued at $765 billion, an appreciable discount to the company’s new $852 billion primary-round valuation. He also highlighted SpaceX's conservative approach to fund its own projects and credits its backers for their disciplined pricing and not squeezing out every dollar of each dollar.