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Wall Street wants investors to value Anthropic at $2 trillion.
We think the valuation should be 93% lower than the price Wall Street is pitching.
The leaked financials reveal numerous red flags, such as existential risks, $518 billion in liabilities, and a staggering level of revenue concentration.
Friday at 12pm ET, we’re dedicating our Monthly Live Podcast to all those dirty details behind the Anthropic IPO.
We’ll break down the leaked financials, the risks Wall Street doesn’t want investors focused on, and most importantly, the math behind that $2 trillion valuation.
This live podcast is free to attend.
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This article was originally published on October 7, 2026.
Disclosure: David Trainer and Kyle Guske II receive no compensation to write about any specific stock, style, or theme.
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