Retail Investors to Get Access to SpaceX and Anthropic With New Fund

Core Insights - Powerlaw Corp. is filing to sell shares in New York, allowing retail investors to invest in major private companies in AI, defense, and space [1][2] - The fund is part of Powerlaw Capital Group, which specializes in acquiring shares in private companies, managing over $1.2 billion in assets [2] - The fund aims to bridge the investment gap for individual US investors who have been excluded from the growth of companies like OpenAI, which has seen its valuation rise from less than $30 billion to as much as $830 billion [3] Group 1 - Powerlaw Corp. is utilizing a direct listing approach, selling existing shares from current stockholders rather than issuing new shares [5] - The fund has invested $355 million across 18 valuable private tech companies through secondary transactions, including direct purchases and deals with employees [4] - The fund's name reflects the power-law dynamics in venture investing, where a small number of companies drive a significant portion of outcomes [4] Group 2 - The direct listing will allow Powerlaw to access a broader investor base and potentially raise new capital if the fund performs well in the market [6] - The fund plans to charge shareholders a 2.5% management fee [6]