Anthropic files a S1

The news of the week is Anthropic filing their confidential S1. That completes the “3-headed monster” of SpaceX, OpenAI, and Anthropic each looking to go public at $1T+ valuations. The first of the three to hit the public markets is likely SpaceX later this month which will be fascinating to watch.

It’s hard not to see the SpaceX share price pop after the IPO given everything with the hype, limited float, index buying, etc. I can only imagine it’ll be a significant pop the first day and likely will stay elevated for a certain period. The only question mark for me is what happens in the months afterwards.

OpenAI and Anthropic are likely both in the wings also watching closely. Given the capital needs of both these frontier AI companies, it’s likely in both their best interest to hit the public markets sooner than later. Alongside the IPO lock-ups expiring will be an infusion of multi-millionaires unleashed primarily in San Francisco.

The city is already freakin’ out with “wealthy” folks unable to buy homes given that everything is going well over asking. Personally, this does likely put a dent in my plans to purchase home anytime soon in my hometown.

My stance is to stay even keeled about this. There will be more buying opportunities in the future and renting isn’t the worst thing and possibly even a better financial decision for a family like ours. The gold rush will eventually end and things will likely settle back down again. Whether that’s in 1, 2, or 5+ years, I don’t know but I have no desire to try to fight the market right now.