Investment Uncut

In this episode of The Quick Take, Aaron, Letty and Jacob discuss the launch of the Space X’s IPO. It just shattered records with the largest IPO in history, and the Investment Uncut podcast is breaking down what it means for your portfolio. In just 20 minutes, Aaron and Letty debate whether SpaceX's astronomical valuation is a generational opportunity or a dangerous Fear of Missing Out trap. They dive into why the Nasdaq fast-tracked the stock while the S&P 500 locked it out, how the unique rolling lock-up schedule will trigger massive price swings, and whether Elon Musk is simply too big to govern while running four mega-companies at once.

Venture capital (“VC”) has had mixed popularity over the years and continues to evolve at pace. We’ve seen a “tale of two cities” both in terms of the AI exposure of start-ups and the size of VC funds over recent years. But where might this go next? AI impacts not only the types of companies considered by VC investors (and their attractiveness) but is also seeping into the way that venture capital investing is managed – it’s no longer about “if” you’re using AI, your edge comes from “how” you use AI. To explore what this all means for investment dynamics in the VC space, we’re joined by Peter Harris of the University Growth Fund, who helps us understand current dynamics, why university students are more entrepreneurial these days, and what this means for VC markets.

As we head into 2026, the macro backdrop is shifting again. Growth surprised on the upside last year, particularly in the US. But is that strength sustainable, or are we heading into a more uneven world with widening gaps between the US, Europe and emerging markets?

In this episode, we speak to Martin Lau and Ziqi Deng of FSSA investment managers to find out. We discuss the impact of AI advances on future earnings, whether monetary policy changes are a material development and China’s anti-involution policy.