The article highlights 6 public companies, IonQ, Archer Aviation, AST SpaceMobile, SoundHound AI, D-Wave Quantum and Redwire, as worth watching while attention focuses on a potential Anthropic IPO. For each stock, it examines what must happen for its market value to double by 2028: IonQ must prove its quantum computing can become commercially viable, Archer must earn regulatory certification for its electric aircraft and move into production, and AST SpaceMobile must deploy its satellite network and generate carrier revenue. SoundHound needs more enterprise clients, D-Wave needs its cloud quantum access to become recurring revenue, and Redwire must convert its backlog into revenue growth. All of these companies hold cash reserves, but the article notes continued dilution risk as they raise capital.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
IPOAnthropicartificial intelligencequantum computing
Open a keyword to see other news on the same topic.
Related news
- Anthropic IPO: Here's What a $5,000 Investment Could Be Worth in 5 Years
Anthropic, maker of the Claude models, is expected to list next month, possibly in the biggest IPO in history, targeting a valuation of $1.5 trillion to $2 trillion. Revenue has surged, with Q3 revenue of $16.8 billion, up 45% from Q2, but the company spent $7.33 billion on compute and infrastructure in 2025 and posted a $42 billion net loss, about $34 billion of it from an accounting adjustment. Anthropic reportedly posted positive adjusted profit in Q2 2026, though the article says the gap versus GAAP results matters. At $2 trillion, the stock would trade at more than 400 times 2025 revenue but about 30 times annualized Q3 revenue. The author models bull, base and bear scenarios for a $5,000 investment and is skeptical of the bull case, arguing AI may become a commodity.
- Why Anthropic Is Racing to IPO While OpenAI Waits Until 2027
Anthropic is reportedly planning an IPO as early as mid-November and could file as soon as Friday, after reporting third-quarter revenue of $16.8 billion, up from $11.5 billion in Q2 and $4.7 billion in Q1, along with adjusted profitability for a second straight quarter. OpenAI has postponed its 2026 IPO plan and is now seeking a private funding round of about $30 billion at a $1.4 trillion valuation. CEO Sam Altman earlier called going public at this moment 'ill-advised,' while OpenAI's operating loss widened to $12.3 billion in Q2. The next key step is Anthropic's public S-1, expected this week, with its roadshow possibly starting November 9; if the S-1 is not public by October 25, the IPO may be delayed again. OpenAI is still expected to go public in 2027.
- Two Customers Account for a Fifth of Anthropic's Revenue, a Concentration Risk IPO Buyers Should Know
Anthropic plans to go public by the end of the year, reportedly targeting a $2 trillion valuation that would make it the largest IPO in history. Leaks from its confidential S-1 filing show $16.3 billion in revenue for the first half of 2026 alongside an $80.7 billion net loss, of which $72 billion came from non-cash accounting charges, raising questions about its claim of adjusted profitability in the third quarter. About a fifth of first-half revenue came from two customers, which industry reports identify as SpaceX and Microsoft, though the filing does not name them. SpaceX's AI business bought Cursor for $60 billion in August, and Microsoft integrates Claude into GitHub Copilot, so Anthropic earns revenue as their developers access Claude's API. The article warns that these large customers pay on a usage basis without long-term contracts, so cheaper competing coding models or forced price cuts could sharply reduce revenue and widen losses.
- Anthropic Has Over $600 Billion in Compute Contracts — And It's Not Enough
Anthropic PBC has signed up for more than $600 billion in long-term computing capacity. Its draft IPO prospectus, however, says the company still cannot secure as much compute as it wants.
- Anthropic's leaked IPO filing raises more questions than answers
Yahoo Finance's Market Hang panel breaks down the reportedly leaked S-1 filing of Anthropic (ANTH.PVT) ahead of a potential IPO, focusing on its revenue, costs and business model. According to the discussion, the company spent $9 billion on compute to generate $16 billion in revenue, 20% of its revenue comes from two customers, and it has $450 billion in compute commitments, about half non-cancelable. Roughly $750 billion more in deals is still under negotiation. Panelists question whether Anthropic can become profitable and generate cash flow, comparing it to WeWork's above-market leases, and say the $2 trillion target valuation mostly reflects market sentiment.
- Ex-Google CEO got the job after a Burning Man trip with Larry Page. Now an ex’s intro could make him $20B on Anthropic
Eric Schmidt was vetted by Sergey Brin and Larry Page and hired as Google's CEO after an unconventional interview process, with Brin citing Schmidt as the only CEO finalist who had gone to Burning Man. In 2011, Schmidt began dating Camilla Clark for three years; she later married Anthropic CEO Dario Amodei. In 2018, that connection led Schmidt to meet with her and her then-partner to discuss Anthropic, and he invested early and now owns about 1% of the company. According to the Financial Times, Anthropic could be valued at as much as $2 trillion in an IPO, which could make Schmidt's stake worth $20 billion, more than half his current net worth per Forbes, compared with the roughly $461 million valuation when he invested.
Related markets
Latest news
- Jobless claims near the lowest since the 1960s as low-fire trend continues
Employers are holding on to workers even as hiring stays weak, pushing seasonally adjusted initial jobless claims to 194,000 for the week ending Oct. 17, close to the 189,000 reported for the week of July 18, which was the lowest since the late 1960s. Claims have averaged 212,000 over the past year, and the four-week moving average has fallen to 197,750. The labor market backdrop remains uncertain: nonfarm payrolls rose only 29,000 in September and have averaged 69,000 a month in 2026, while the unemployment rate rose to 4.2%, largely due to a sharp jump in labor force participation. Layoffs remain modest, falling by 61,000 in August, and the layoff rate fell to 1% over the prior 12 months. Ahead of the Federal Reserve's decision next week, policymakers describe the labor market as generally strong and are focused on inflation, which remains well above the 2% target; markets expect the Fed to hold in October and then raise rates by a quarter point in December.
- Temporary Delays in siRNA Manufacturing Mask Codexis' (CDXS) High-Option Value
In its Q3 2026 investor letter, White Brook Capital highlighted Codexis (NASDAQ:CDXS), which makes enzymes used to manufacture siRNA-based medicines, and said the stock holds call options with favorable payouts. On October 21, 2026, the stock closed at $1.29 with a market capitalization of $141.26 million, down 20.86% year to date and trading within a 52-week range of $0.96 to $2.98. However, 2026 has been marked by delays: three CDMO partners, Bachem, Nitto Denko Avecia and Axolabs, were signed early in the year, but only one has completed its technology evaluation, and long-term contract negotiations are still ongoing. Permitting delays have also hit its GMP-standard standalone facility, which is now scheduled to start production at year-end 2027, and the target for half-kilogram siRNA batches has moved to the end of this year or early next year.
- Evaluating CareCloud's (CCLD) Short-Term Integration Friction vs. Long-Term Margin Expansion
On October 21, 2026, CareCloud (NASDAQ:CCLD), a healthcare IT company providing billing, medical-records and AI software, closed at $1.77 with a $75.21 million market cap, down 39.38% year to date. In its Q3 2026 investor letter, White Brook Capital said the market's frustration stems from declining profits as the company integrates acquisitions. Second-quarter revenue grew 16%, but net income fell to just $1.1 million due to merger costs, heavier AI spending and interest on new debt, and a March cyberattack added to the strain; management expects insurance to cover the costs, though this shook investor confidence. The company also retired the preferred stock White Brook previously held in May, saving about $3.3 million annually, and management expects a stronger second half than first. At roughly eight times the midpoint of management's 2026 GAAP EPS guidance, White Brook sees double-digit revenue growth at a modest multiple, with additional upside if integration improves margins.
- VIX Securities Still Holds VND 1,000 Billion of Undisbursed Capital from Share Offering
VIX Securities (HoSE: VIX) raised over 11,026 billion VND from an offering of nearly 919 million shares priced at 12,000 VND each on April 20, 2026. Over 5,013 billion VND each was disbursed to proprietary investment and margin lending from April 22 to May 26, 2026, but the 1,000 billion VND earmarked to contribute capital to VIX's digital asset trading exchange had not been disbursed as of October 20, 2026. In Q3 2026, pre-tax profit fell nearly 94% year on year to 192 billion VND, with revenue down 36% to 2,047 billion VND and proprietary trading booking a net loss of 94 billion VND. For the first nine months, revenue fell 18% to 5,050 billion VND and pre-tax profit dropped nearly 92% to about 424 billion VND, mainly due to proprietary trading losses, leaving VIX at 12.1% of its 3,500 billion VND full-year pre-tax target. Total assets rose 16.6% to nearly 39,860 billion VND by September 30, 2026, while margin loans fell from 15,380 billion VND to 12,422 billion VND.
- Chip stocks fall as equipment maker Lam Research cites 'supply chain constraints'
Semiconductor stocks fell in premarket trading Thursday after Lam Research, a major wafer equipment supplier, cited near-term supply chain constraints on its earnings call. Its CFO said quarterly revenue guidance of $8.6 billion would have been a bit higher without these constraints, and Lam shares fell as much as 9% premarket. The PHLX Semiconductor Index (SOXX) was set to open down 4%, with Nvidia and Qualcomm down more than 2%, Marvell down 4%, Intel down 5%, Broadcom down more than 3%, Applied Materials down 6% and ASML down 3%. Semiconductor stocks have been volatile as concerns over AI funding weigh on the sector, while surging oil prices raised expectations that the Fed may keep tightening monetary policy this year.
- VN-Index rises another 22 points, reaching highest level in over half a year
The VN-Index closed at 1,761 points, up 22 points, on trading volume of more than 672 million shares worth about 15,300 billion VND. On HoSE, 149 stocks rose, 167 fell and 57 were unchanged. Foreign investors net bought nearly 342 billion VND on HoSE, led by VIC (over 239 billion VND), TCB and VHM, while FPT saw the largest net selling at over 264 billion VND. ASEAN Securities said the index shows a technical rebound signal with buyers temporarily in control, but the market remains neutral because the index has not broken above the MA20 and indicators are not yet uniformly confirmed, so it may trade in a narrow range.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.