Anthropic IPO vs. SpaceX: Which is the better bet for investors?

invezz.com (Dutch) —

Anthropic filed its IPO publicly on October 26, aiming to list on Nasdaq under "ANT," with pricing terms undisclosed, presenting investors a choice between the AI enterprise firm and SpaceX's infrastructure business. Anthropic's case rests on deep corporate adoption, with over 11,900 clients generating $100,000+ annual revenue, including all Fortune 10 companies, plus Q3 revenue of $16.8 billion and adjusted profitability. SpaceX shows strong growth but faces massive capital expenditures of roughly $19.6 billion quarterly, mostly AI-linked. Valuation will be decisive, with reported potential pricing between $1.5 trillion and $2 trillion, implying 22x-30x revenue multiples, though still below SpaceX's over 100x price-to-sales ratio.


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Anthropic IPO vs. SpaceX: Which is the better bet for investors? | News Minimalist