Augment

The Augment Power 20's aggregate estimated market cap crossed $4.25T in Q1'26. Up roughly $940B from Q4'25. For context: that's roughly 2.5x Meta's current market cap. It exceeds Amazon's. The quarter's biggest shift wasn't a new entrant — it was a departure. xAI's merger into @SpaceX marked the largest exit-via-acquisition in Power 20 history and continued an AI consolidation trend we first flagged in Q4'25 (Groq, Scale AI, now xAI). Meanwhile, total platform activity surged 81% quarter-over-quarter. The top six ranked names — SpaceX, @AnthropicAI, @anduriltech, @OpenAI, @stripe, @databricks — accounted for 47% of all activity, up from 40% last quarter. Worth a note: for nine consecutive quarters. SpaceX has held the #1 spot in the Augment Power 20. New to the Power 20 this quarter: @Saronic, building autonomous surface vessels for the US Navy. Defense-tech now has four representatives in the rankings — the most ever. The full Q1'26 report covers all 20 companies, price movements, and the sectors driving secondary market demand. Link in comments.

.@anduriltech closed a $5B Series H on Wednesday at $61B. Eleven months ago: $30.5B. Q1 2026 defense-related VC funding: $4.5B. A category that didn't exist as a venture vertical ten years ago is now second only to AI labs. Full Pulse from @AugmentMarkets : augment.market/pulse/anduril-…

Google: hackers just shipped AI's first working zero-day. Two-factor auth bypass, LLM-built exploit, planned mass-exploitation event. Quietly patched. GTIG's tell on the AI's authorship? Hallucinated CVSS score in the exploit code. The cyber-defense privates just got a catalyst. Today's Pulse from @AugmentMarkets: augment.market/pulse/hackers-…

$49B of Alphabet+Amazon Q1 "other income" came from gains on private equity stakes (per Goldman). That's ~60% of their reported Q1 income. The private market just got an auditor it didn't ask for. Full Friday Pulse from @AugmentMarkets: augment.market/pulse/ramp-40b…

.@AnthropicAI's April tender priced at $350B. A month later: $800B primary offers, $1T on Forge, $30B run-rate revenue. The employees who refused the tender are up 3x in 30 days. Tenders aren't price discovery. They're venture's continuation fund: augment.market/pulse/anthropi…

$85K-$100K base. Real equity. 100% paid health. Hybrid in Austin. If this sounds like the most interesting Tuesday you can imagine, apply: app.dover.com/apply/augment-…

You will sit in meetings with global GPs, spec integrations with Engineering in English, walk Compliance through structures clearly, and help write the playbook every future hire on this team will inherit.

There is a job where you spend Tuesday morning with a global GP, Tuesday afternoon shaping a $50M partnership, and Tuesday evening writing the brief the executive team reads first thing Wednesday. That job is open.

Both labs spun off deployment yesterday. @AnthropicAI : $1.5B JV w/ @blackstone, @GoldmanSachs, H&F. @OpenAI: $4B raise at $10B pre for "The Deployment Company." Same news cycle. Same admission: the bottleneck isn't the model anymore. Today's Pulse from @AugmentMarkets: augment.market/pulse/anthropi…

Asset value determined using Caplight secondary market pricing. Assets are managed by Augment Advisors LLC, an SEC-registered investment adviser.

This isn't a fintech vanity metric. It's proof that access to private markets, once gatekept, is becoming foundational infrastructure. Learn more at augment.market #PrivateMarkets

Secondary markets were built for a select few. Founders, early employees, VCs. Everyone else waited for an IPO. Augment is changing that math.

SpaceX. OpenAI. Stripe. Anduril. You know the names. But what's actually happening inside these companies? The Power 20 Q1 Update is live — our proprietary ranking of the most influential pre-IPO companies in the world. The private market is a $20T universe. Most of it stays hidden. We built the Power 20 to change that. 📊 Read the full report → augment.market/the-power-20 #PrivateMarkets #Power20 #PreIPO #VentureCapital

2026 hyperscaler capex: $725B @OpenAI hit its 2029 compute target — three years early. @Google +34% in April. @Meta -8.5% Thursday. @KKR_Co raised $10B for AI infra. The discipline phase has started. This and more in today's @AugmentMarkets Pulse: augment.market/pulse/kkr-rais…

Today's Pulse from @AugmentMarkets: augment-pulse.beehiiv.com/p/the-microsof…

Microsoft has 4-9% of its market cap correlated to @OpenAI. @amazon has 2.5% to @AnthropicAI. @Tesla has 0.13% to @xai /@SpaceX. Sunday's @microsoft -@OpenAI restructuring made the cleanest of these proxies formally weaker. @Zoom is the math-pure exception at 8-15%.

Microsoft and @OpenAI restructured their partnership Monday, a structural shift that, per @Wedbush and @PitchBook, clears OpenAI's path to a public listing reportedly targeted for late 2026. This and more in today's Pulse from @AugmentMarkets: augment.market/pulse/openai-r…

SpaceX's S-1 claims the largest TAM in human history: $28.5T. 93% of it — $26.5T — is attributed to AI. The filing positions @SpaceX as an AI enterprise, not a launch company. Full breakdown + the week's other 4 private-markets threads in today's Pulse from @AugmentMarkets 👇 augment.market/pulse/spacex-s…