1789 Capital’s Abrahimzadeh Discusses Market Shifts Following SpaceX and Cerebras IPOs

Published on May 12, 2026

Investors have grown accustomed to a tech landscape defined and robust valuations. High-profile companies such as SpaceX and Cerebras have shaped this environment, attracting significant interest and capital. However, recent events signal a potential shift in market dynamics.

Paul Abrahimzadeh, a partner at 1789 Capital, appeared on Bloomberg’s “The Close” to address the implications of these IPOs. He noted that SpaceX’s valuation and Cerebras’ entry into the public market could redefine investor expectations. The conversation highlighted rising scrutiny on tech valuations amid global economic uncertainty.

The discussions revealed a heightened focus on profitability and sustainability within the tech sector. As companies rush to go public, investors might prioritize long-term stability over rapid growth. This could lead to a recalibration of how tech companies are valued and what is deemed a solid investment.

The impact of these revelations could be profound. A shift towards emphasizing financial fundamentals could alter the trajectory of tech investment. It might also influence future fundraising and IPO strategies as founders reassess their goals in a changing economic landscape.

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