Anthropic overtaking SpaceX? It is rumored that the listing in October will challenge the valuation of 2 trillion yuan. Experts pour cold water: It will be difficult.

AI startup Anthropic is rumored to launch an IPO as soon as October. The market is optimistic about its astonishing annualized revenue growth, and its valuation is even speculated to be as high as US$2 trillion. It may surpass SpaceX and become the largest IPO in history. However, financial expert Block Tao pointed out that Anthropic still faces multiple difficulties if it wants to challenge SpaceX’s high valuation. In addition to facing fierce competition from strong enemies such as OpenAI and Google, AI industry model price cuts and API price wars have also compressed profit margins, and the huge computing power cost will affect long-term gross profits. SpaceX has a deep moat of physical assets and satellite networks. Can Anthropic support 20 times share price revenue with only software and AI model services...