SpaceX IPO Highlights $2.7 Trillion Valuation Concerns for Anthropic

Space Exploration Technologies (NASDAQ: SPCX) went public with a valuation of $2.7 trillion after raising nearly $86 billion. However, its stock price fell below the initial $150 due to fears over excessive spending on AI infrastructure, resulting in a valuation drop of over $1 trillion in one month. Anthropic, which could go public next month, has an annualized revenue run rate of $65 billion but hasn't disclosed its capital expenditures (capex). Investors are wary of heavy spending without significant growth, signaling potential challenges for Anthropic's IPO.

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