6 things that must be true for Anthropic's IPO of $2 trillion to be achievable (as the largest IPO ever)
Anthropic went from $9bn of annualised revenue in December to $65bn by the end of July, and it's expected to list in October at close to $2 trillion - the highest price any company has ever carried into a stock market debut.
If you work backwards from that valuation, it has to be earning about $1.2 trillion a year within a decade. The entire world spends $1.5 trillion on software.
So the Anthropic IPO isn't a bet on software at all. It's a bet on wages.
In this episode of In The Loop, I'm exploring the six things that all have to be true for a $2 trillion Anthropic valuation to make sense -…
The skinny
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