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New Constructs calls Anthropic's reported $2 trillion IPO valuation excessive

New Constructs, the research firm that criticized WeWork's 2019 IPO, is calling Anthropic the most ridiculous IPO of 2026 and values it at roughly $150 billion versus the $2 trillion Wall Street is reportedly targeting, according to a Reddit post. The post cites Anthropic's prospectus warning of existential risk, revenue growth from $400M in 2024 to $4.6B in 2025 alongside operating losses rising from $3B to $8B, a reported $42B net loss including a $34B accounting charge, $518B in cloud and infrastructure commitments, and over $120B raised privately. It also argues open-source and competing m

Why “Rumor”

  • Only community or trader posts: r/stocks

0 independent source groups across 1 post · evidence score 9/100. How labels work

What the sources claim

  1. New Constructs calls Anthropic the most ridiculous IPO of 2026 and values it at roughly $150 billion rather than the $2 trillion Wall Street is targeting.

    “They think Anthropic is worth roughly $150 billion, not the $2 trillion Wall Street is targeting.”
    r/stocks
  2. Anthropic's own prospectus reportedly warns its technology could pose catastrophic or existential risks to humanity.

    “Anthropic's own prospectus reportedly warns its technology could pose catastrophic or existential risks to humanity.”
    r/stocks
  3. Anthropic's revenue grew from $400M in 2024 to $4.6B in 2025 while operating losses ballooned from $3B to $8B.

    “Revenue grew from $400M in 2024 to $4.6B in 2025, but operating losses ballooned from $3B to $8B.”
    r/stocks
  4. Anthropic's reported $42B net loss includes a $34B accounting charge.

    “The reported $42B net loss includes a $34B accounting charge.”
    r/stocks
  5. Anthropic reportedly has $518B in cloud, compute and infrastructure commitments.

    “Anthropic reportedly has $518B in cloud, compute, and infrastructure commitments.”
    r/stocks
  6. Anthropic has already raised over $120B privately, and open-source and competing AI models are increasingly matching frontier models at lower prices.

    “The company has already raised over $120B privately”
    r/stocks

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-19 01:50 UTC. Labels are computed from the sources, not by the model.