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Happy Friday. Michael Goodbody gives us an investing pick, Anduril’s valuation could double, home prices edged down, and Physical Intelligence is raising a megaround. Let’s dive in!
🎤 Listen: To the latest episode of Smart Humans, where Slava Rubin talks to Get Access CEO Michael Goodbody about getting exposure to transformational private companies.
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📈 DAILY MARKETS
✅ PICK OF THE WEEK
Crusoe
Last Official Valuation: $30.9 billion (September 2026)
Crusoe is a data center / AI infrastructure startup
They are an incredible company growing at an incredible scale
They have $100 billion-plus in locked-in contracts
If you want to replicate exposure to their sectors you’d have to stitch together 4 or 5 different stocks to even get close to it
They are not too far away from going public
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👨🏫 TODAY'S EXPERT
Michael Goodbody is the CEO of Get Access, a curated private markets platform connecting great companies with investors who bring both capital and the ability to help. He joined Guy Oseary of Sound Ventures in 2025 to build it, after leading marketing at Robinhood, Dave, Credit Karma, and Wise.
🎤 PODCAST
"We surface one deal a week to our members...curated deals to a curated audience in a curated set of companies." - Michael Goodbody
In the newest episode of Smart Humans, Slava Rubin talks with Get Access CEO Michael Goodbody about the evolution of private markets, democratizing access to transformational companies, and investing alongside A-list celebrities and athletes.
📰 NOTABLE NEWS
🚀 Anduril valuation doubling: The leading defense tech startup is reportedly in talks for a funding round at a $120 billion valuation, which would double its valuation from May and also represent a step up from the recent employee share sale at a reported $90 billion valuation. The company forecasts its revenue to hit more than $4 billion this year, doubling in the past year.
🏡 Home prices drop: For the first time in three years, Redfin’s data shows a year-over-year price decline in U.S. housing prices. The drop comes as buying demand hit its lowest level since at least 2021, and pending home sales hit their lowest level on record.
🤖 Physical Intelligence fundraise: The robotics startup is raising a $1 billion round at a $20 billion valuation, which would be nearly double its $11.5 billion valuation from earlier in the year and nearly quadruple its valuation from last year. The company is developing AI models and robots to perform physical tasks in real-world environments.
🪙 Crypto growth stalling: While more U.S. adults have ever owned or used crypto than ever before - rising from 18% to 22% over the past year - the percentage of Americans who used it in the last year stayed flat at 13%. This indicates a willingness to try out the technology but no growing interest in continuing to use it.
🏢 CRE investment rising: U.S. commercial real estate transaction volume hit $143 billion in Q3, with total volume jumping by 17.9% so far this year. Industrial saw the highest growth, at 41.5%, while office sales are up 22.4% and multifamily grew by just 3%.
🏀 Kobe sneaker auction: A pair of game-worn 2002-03 Air Jordan 8 "Lakers" Player Exclusives signed and inscribed by Kobe Bryant is up for auction next month, alongside a game-worn jersey from the following season.
📝 IN CASE YOU MISSED IT
Monday: 🎨 Paris art auctions, 🤖 OpenAI funding round
Tuesday: 🚀 Secondary market update, 🤖 Anthropic files for IPO
Wednesday: 🏡 Housing market, 🦖 $47 million dinosaur sale
Thursday: 📊 Fed rate decision, 🏡 New home sales
Have a great weekend!
