If Anthropic goes public this year, it's about a coin flip to beat SpaceX's IPO
Polymarket gives it about a 38% chance at the biggest IPO of 2026, down from 55.3% a week ago
> 72.5%
The chance Anthropic goes public by Dec 31, down from 76.5%
If it doesn't, SpaceX almost surely wins
If it does, its odds are about 50-50
> $2.1T
SpaceX's market value at the end of its first trading day
That's the number Anthropic has to beat
This week, investors talked about a $1.5T valuation for Anthropic, down from about $2T
If it prices at $1.5T, it needs to jump about 40% on day one
If it prices at $2T, it needs about 5%
> 40%
None of the 12 biggest IPOs by money raised ended their first day up that much
Alibaba came closest, up 38% in 2014
SpaceX sold less than 5% of its shares and still rose only 19%
Is 38% too high or too low for Anthropic?