Anthropic's last pre-IPO valuation was ~$18B. A $600B IPO cap is absurd; it's 6x OpenAI's private valuation. Public comps' revenue multiples don't support such a leap for an AI pure-play. The market isn't *that* irrational. 95% YES — invalid if AI bubble bursts pre-IPO.
Anthropic's last pre-IPO valuation was ~$18B. A $600B IPO cap is absurd; it's 6x OpenAI's private valuation. Public comps' revenue multiples don't support such a leap for an AI pure-play. The market isn't *that* irrational. 95% YES — invalid if AI bubble bursts pre-IPO.