Anthropic valuation $965B
Anthropic has confidentially filed for its IPO with a valuation of approximately $965 billion, surpassing OpenAI's $850 billion valuation.
Snapshot · The Prof G Pod with Scott Galloway
What SpaceX's IPO Means for Tech Stocks, and Coping With Panic Attacks
Explore episode
Jul 13, 2026
Where this was said
IPO Engineering and the Manufactured Pop
At 3:20 · chapter starts 2:50
Rather than serving as traditional financial intermediaries, Galloway contends that Goldman Sachs and JPMorgan now function as engineers whose primary job is to manufacture scarcity — restricting IPO allocations so that demand reliably exceeds supply and the stock surges on day one [1] — Scott Galloway "Modern investment banks are engineers, not bankers. They manufacture scarcity around IPOs to guarantee a 20% first-day pop — Galloway predi…" 02:45 . He cites his own prediction of a 20% first-day SpaceX pop (it came in at 21-23%) as evidence that the formula is predictable. The IPO itself, he argues, is primarily a 'once in a lifetime branding event' — the opening-day headlines and the number that gets splashed across CNBC is what matters. This reframe from 'capital raising event' to 'brand spectacle' has implications for how to read the coming OpenAI and Anthropic listings.
The Flippening: Anthropic Now Worth More Than OpenAI
Anthropic has filed confidentially for its IPO at a $965 billion valuation, leapfrogging OpenAI's $850 billion. Galloway calls it 'the flippening' — and says momentum is now firmly on Anthropic's side.
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