00:00It's Benzinga bringing Wall Street to Main Street
00:02Independent financial research firm New Constructs called Anthropic's upcoming
00:06offering the most ridiculous IPO of 2026, valuing the AI company at $150 billion
00:13as it targets a potential $2 trillion market cap, according to CNBC. The firm said Anthropic would
00:19need to generate twice NVIDIA's trailing annual profit to justify that valuation.
00:23Anthropic reported $4.6 billion in 2025 revenue and a $42 billion net loss,
00:29according to leaked prospectus figures cited by Reuters. New Constructs said mounting
00:33operating losses and competition from open source models raised questions about Anthropic's business.
00:38The firm previously issued bearish IPO calls on WeWork and Allbirds,
00:42though its criticism of DoorDash proved less accurate. Anthropic has not yet made its
00:46prospectus public. For all things money, visit Benzinga.com.
