Anthropic plans to go public later this month, potentially at a valuation above $2 trillion, which is higher than SpaceX's roughly $1.8 trillion valuation at its June IPO. The company reported 1,200% growth over the first nine months of the year, totaling $33.2 billion, but also a net loss of $104 billion including fair-value changes and non-operating items. The article notes that tech stocks have sold off recently, with the State Street Technology Select Sector SPDR ETF down about 13% over the past month. The author argues Anthropic shouldn't be anywhere near $2 trillion in market cap and may fall significantly lower as the excitement fades, suggesting investors may be better off waiting rather than rushing into the IPO.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 11/02/2026 | 202.06 |
| Change that session | -1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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