About this episode

Matt Cohen and John Ruffolo discuss the latest developments in Canadian tech, including SPACs, quantum computing, and the potential SpaceX IPO.

In this episode of Tank Talks: The Rundown, Matt Cohen and John Ruffolo break down a huge week across Canadian tech, quantum computing, SPACs, AI infrastructure, vertical SaaS, and the reported SpaceX IPO filing. They start with Xanadu’s $300 million at-the-market equity facility and what it reveals about the funding challenge facing Canadian quantum companies that need billion-dollar scale capital to compete globally. John argues that Xanadu should use current market hype to fully fund the business now, even if short-term shareholders hate the dilution. From there, Matt and John unpack why quantum remains a long-term binary bet, why SPACs may be coming back for Canadian growth companies like UniUni, and why Clio’s jump from $100 million to more than $500 million in ARR proves vertical SaaS is far from dead, especially when the product is mission-critical and deeply embedded. The episode then shifts to OpenAI, Anthropic, and the AI infrastructure boom, with John warning that massive top-line revenue can hide dangerous burn and accounting optics. Matt and John close with a deep debate on the reported SpaceX IPO, Starlink’s growth, Starship risk, xAI, and Cursor being folded into…

More episodes of Tank Talks By Ripple Ventures

• The Rundown 6/4/22: Alphabet’s $80B AI Bet, Anthropic’s IPO Push, and the New AI Capital War · June 4, 2026 · 20 min
• The Case for Concentrated Seed with Jason Shuman of Primary Ventures · May 21, 2026 · 53 min
• Inside Canada’s Most Ambitious Space Infrastructure Company with Mina Mitry of Kepler Communications · May 13, 2026 · 37 min

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