Anthropic IPO faces AI, data centre backlash
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Two weeks after Tesla's earnings report was panned by Wall Street, Elon Musk faces investors again, but this time to discuss SpaceX's results.
Anthropic ( ANTHRO) expects its upcoming initial public offering to meet or surpass the record amount that SpaceX ( SPCX) raised earlier this year, Bloomberg reported.
Anthropic is planning an IPO that could surpass SpaceX's $75B record, with investors anticipating a $2 trillion valuation amid explosive revenue growth.
The cash pile sounds bottomless. The spending plan it funds is built to outgrow it.
Buy SpaceX (SPCX) after the Aug. 20 unlock-driven selloff. The article flags heavy supply over the next months, but the stock is already far below IPO and has repeatedly recovered as investors refocus on growth.
George Noble, a former Fidelity fund manager, said the "Elon premium" that's helped drive bullish sentiment in Musk's companies is fading.
The company's struggling shares are launching back into orbit.