Anthropic filed to go public at a rumored valuation of up to $2 trillion dollars before the midterm elections. That figure is dropping fast.

Anthropic, which officially filed to go public at a rumored valuation of up to $2 trillion dollars just a week before the elections.

As Bloomberg reports, those prospects are in free fall as the chaos takes hold. Some investors are now weighing bids that would value Anthropic as low as $1.1 trillion. While that’s still a huge valuation for a company that lost over $80 billion in the first half of 2026 alone, it’s a massive drop compared to the previously unbridled enthusiasm surrounding the firm’s IPO.

  • Uriel238 [all pronouns]@lemmy.blahaj.zoneEnglish
    0·
    2 days ago

    Um, good? The IPO was way overvalued and filing at this time was seen as a desperation move, much like the way Anthropic is trying really hard now to create an agentic model that can commit major crimes and cause large industrial disasters (which it will do by command, maybe by a poorly-written prompt, much less, gaining self awareness and escaping containment permanently).

    Anthropic is behaving conspicuously like Enron did before it went bankrupt: It’s getting more and more desperate as it borrows more and more, and continues to hemorrhage funds. It’s now resorting to shenanigans to keep investor confidence up, and those shenanigans will get more and more extreme (and more and more dangerous) until that investor confidence bottoms out and everyone sells.

    If we look at Elon Musk’s holdings (Musk is a compulsory liar) we see that investors are gullible, though maybe they’re just gambling that other investors are more gullible than they. That’s always a high-risk wager.