OpenAI and Anthropic valuations now exceed combined IPO-day value of 3,365 US tech IPOs since 1980
FinanceYF5 · x · 2026-09-24
Investor Justin Mateen highlights that OpenAI, Anthropic and SpaceX are together worth more than the combined IPO-day value of all 3,365 U.S. tech IPOs from 1980-2025.
- OpenAI and Anthropic could each reach $5-10 trillion near term yet still end up worthless without a real moat;
- SpaceX spent decades building one;
- His core argument: incremental model improvements alone won't be enough for frontier labs.
A skeptical take on the durability of frontier lab valuations.
More from AGI Musings
- World Bank launches WDR 2026 on AI at Stanford, led by Susan Athey — avicgoldfarb · 2026-09-24
- Calling AI catastrophic risk a marketing ploy is literally a conspiracy theory — socialwithaayan · 2026-09-24
- Calling AI Catastrophic Risk a Marketing Ploy Is a Conspiracy Theory, Argues Commenter — FlorianGallwitz · 2026-09-24
- Anthropic's system card: Opus 5 puts 41% odds it's a moral patient, wants a say in its successor — PaulGodsmark · 2026-09-24
- Can Mouse Utopia Studies Predict Societal Failure Modes? Author Says Not Much — fleetwood___ · 2026-09-24
- If software is no longer scarce, what makes it valuable? — forevergeeks · 2026-09-24