Everybody Is Wrong About The Anthropic IPO

From the creator

Anthropic is rumored to go public in November at $2.2 trillion, which would make it the sixth most valuable company in America. A leaked prospectus showed a $45 billion loss, and most of the coverage stopped there. $34 billion of that figure is equity owed back to early investors rather than money spent. The real operating loss is $8.06 billion on about $4.6 billion of 2025 revenue. The prospectus also ends before Claude Code launched, so it misses the year the company says took it to roughly $100 billion in annual recurring revenue. Two customers account for about a quarter of 2025 revenue. Timestamps 0:00 The Biggest IPO Ever 1:28 Five Years To A Trillion 3:56 The Numbers That Scared Everyone 6:29 The Prospectus Stops Too Early 7:33 Half A Trillion On Compute 8:43 The Nothing Burger 10:11 Profitable If You Ignore Claude 11:43 Everyone Is Spending Like This 14:51 Sixth Most Valuable In America 17:33 The Bull Case 20:48 The Bear Case 24:01 A Very Narrow Path #Anthropic #AnthropicIPO #Claude #AI #AIbubble #YahooFinance #intheloop == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

Published 2026-10-01 · Watch on YouTube ↗
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