1789 Capital’s assets surge to $3.5 billion
1789 Capital has seen its assets grow from $200 million to $3.5 billion by investing in private AI and defense firms.
The firm’s investments have been driven by the rise of ‘patriotic capitalism’, which has proven profitable for investors.
The firm is expected to benefit from the upcoming IPO spree, including Elon Musk’s SpaceX, allowing everyday investors to access companies that fit the ‘patriotic capitalism’ theme.
The rise of patriotic capitalism is driven by investments in artificial intelligence and private defense firms, including Anduril.