SpaceX and Anthropic drive massive AI-related market valuations

The financial sector is witnessing massive valuations driven by the artificial intelligence boom and recent high-profile market debuts. Following the record-breaking stock debut of Elon Musk’s SpaceX, which turned many employees into millionaires, attention is shifting toward Anthropic. The AI model developer, known for Claude, is reportedly seeking a valuation exceeding $2 trillion through a potential stock issuance aimed at raising approximately $100 billion.

While Anthropic CEO Dario Amodei argues that AI could create a world of abundance and cure major diseases within a decade, economists urge caution. Nobel laureate Robert Shiller has warned against ‘irrational exuberance’ when new economic narratives gain enough power to infect investor thinking. Critics point to historical precedents, such as the nineteenth-century railway boom and the dotcom bubble, where massive speculation preceded significant market corrections.