Anthropic IPO $42 billion loss

    por Gigliola: Anthropic

    Reuters has the Anthropic IPO prospectus showing a $42 billion net loss for 2025. Strip out the accounting charge that makes up most of it and the operating loss still cleared $8 billion. A couple weeks before this landed, I was asking why these AI outfits hide in private markets so long. Private means working a room of rich backers. Public means the numbers are everybody's business. Well, here they are. Buying in?

    Transcrição (en)

    That does make a very interesting point because they both have not filed for IPOs, right? So they're still totally private companies. I believe so, man. So that makes this whole thing super interesting because when you go public, you've got to show the full situation financially. And pay for it, right? Mm-hmm. Yeah, yeah, yeah. Because now you can just keep chilling, you know. And there's a few different dynamics to that. I'm sure there's a lot of studies that's been done on that, but like, because I also think about the fact that you can tell an investor, you can tell a private investor, oh, we're going to figure this out. But like the wisdom of the open market is not testing you, right? You can just fill a room of 100 super wealthy guys and tell them whatever you want to tell them. And as long as they're on board, then you'll keep raising money. Yeah, you can finesse it a lot more. Yeah. But once you've got, you know, Saudi Arabia's investment fund and, you know, whatever other foreign investors who aren't in on the gig, you know, that are also participating in the pricing of the assets can go down a little bit differently. And not that they're not in the private markets, to be clear. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.