Anthropic Says No to $800 Billion
Anthropic is turning away investors offering $800 billion-plus valuations — a signal that the company may believe its leverage only increases from here, especially with an IPO reportedly on the table for October. Meanwhile, a routine Alaska filing revealed Google's hidden 6% stake in SpaceX, worth an estimated $100 billion at IPO. And Amazon-backed nuclear startup X-Energy hit the road this week for an $800 million IPO on Nasdaq, bringing AI's power problem one step closer to an investable thesis.