Huge demand for large stage tech companies, says Harbinger Sports' Rashaun WIlliams

Watch on YouTube ↗  |  January 14, 2026 at 21:12  |  4:45  |  CNBC
Speakers
Rashaun Williams — Founder, Harbinger Sports Partners

Summary

Rashaun Williams, founder of Harbinger Sports Partners, discusses the huge pent-up demand for large private tech IPOs, including SpaceX, OpenAI, and Anthropic, amid abundant private-market capital and rapid AI revenue growth. He is bullish on Anthropic and SpaceX, sees AI as the dominant theme now and quantum computing as the next theme, and views sports teams as a non-correlated hedge with durable media-contract revenue. He also notes that revenue growth, not multiple expansion, is driving valuations.

  • Private-market capital is abundant for late-stage tech and AI companies.
  • Large tech IPOs may see insatiable public-market demand.
  • Anthropic is highlighted for explosive revenue growth and strong ARR.
  • SpaceX is framed as a bet on Elon Musk with a growing internet-access business.
  • AI is described as the dominant current investment theme.
  • Quantum computing is seen as the next major tech theme.
  • Sports teams offer recurring media revenue and non-correlated exposure.
  • Revenue growth, not multiple expansion, is supporting valuations.
Ideas
Rashaun Williams Founder, Harbinger Sports Partners 0:42
Insatiable demand for large tech IPOs.
There are trillions of dollars of pent-up demand for large private tech companies that has already leaked into private markets. Capital is abundant for Series D/E/F late-stage tech companies from top VCs, sovereign wealth funds, mutual funds, and retail investors. When these large tech companies go public, there will be insatiable public-market appetite, so money is not a problem.
Late-stage tech companies HIGH
Rashaun Williams Founder, Harbinger Sports Partners 1:14
Anthropic has explosive revenue growth.
Anthropic is a standout AI company with explosive revenue growth, ramping from $1 billion to $5 billion in revenue in nine months, and strong annual recurring revenue. The speaker is an investor in Anthropic and says it is crushing it, making it attractive despite concerns about which public AI winners will emerge.
ANTHROPIC HIGH
Rashaun Williams Founder, Harbinger Sports Partners 2:01
AI is the dominant theme now.
AI is the dominant current investment theme, having replaced software and cybersecurity. Private-market capital is flowing to AI, and high-growth AI companies are compounding annual recurring revenue rapidly, with some growing at 500% every six months.
AI-SECTOR HIGH
Rashaun Williams Founder, Harbinger Sports Partners 2:06
Quantum computing is the next theme.
Quantum computing is the next major tech theme after AI. It is on its way and will become the focus in roughly two years.
QUBT LOW
Rashaun Williams Founder, Harbinger Sports Partners 2:28
SpaceX is a bet on Elon Musk.
SpaceX is a bet on Elon Musk. It started as a rocket company with safe government revenues and has evolved so 70% of revenue now comes from internet access. It is a great company taking over the world, and funding is not a problem because Elon has an open checkbook and abundant private-market capital. Even if satellite capex is a long-term question, the company has the money to spend.
SPCX HIGH
Rashaun Williams Founder, Harbinger Sports Partners 3:40
Sports teams are a non-correlated AI hedge.
Sports teams offer recurring revenue from long-term media contracts with companies like Disney, Amazon, and Netflix, growing 15-20% over 10-15 year contracts. They have moats around their businesses and are non-correlated to the equity market, making them a hedge against the AI trade, unlike AI companies on monthly retail contracts.
Sports teams HIGH
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This CNBC video, published January 14, 2026, features Rashaun Williams discussing Late-stage tech companies, ANTHROPIC, AI-SECTOR, QUBT, SPCX, Sports teams. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rashaun Williams  · Tickers: Late-stage tech companies, ANTHROPIC, AI-SECTOR, QUBT, SPCX, Sports teams