Startups3 min read
Anthropic Is the Hottest Trade in Private Markets. SpaceX's Looming IPO Could Change Everything.
Secondary market activity in private AI company shares has never been more intense, with Anthropic dominating demand and commanding premiums that reflect genuine conviction about its trajectory. But Rainmaker Securities warns that a SpaceX IPO could siphon billions in institutional capital away from the AI trade at exactly the wrong moment.