Anthropic IPO leads AI's $235 billion dealmaking blitz

Anthropic filed yesterday for what could be the biggest IPO ever, capping a massive day of AI dealmaking that nearly equals 1% of U.S. GDP. Why it matters: Few industries have ever become so central to the American economy so quickly — and we're watching Wall Street finance the buildout in real time. Driving the news: Anthropic's long-awaited IPO may seek to raise a record $100 billion. Also yesterday, SpaceX secured $40 billion in debt financing to lease GPUs — the chips that power modern AI — and Meta said it would seek up to $95 billion in financing for its AI buildout. Together, that's roughly $235 billion in a single day — more than the entire U.S. airline industry adds to the economy in a year. The big picture: AI's appetite for capital has outgrown what any one single part of the financial system can supply. Anthropic alone has committed roughly $750 billion to computing power in the coming years — about seven times what its record-setting IPO may raise. Even private investors are struggling to keep up: OpenAI's record $120 billion funding round took months to close. Zoom in: Most Americans will be financially exposed to these deals, even if they never buy a share. SpaceX and Meta are already major holdings in the top stock indices that fill pensions, 401(k)s and other retirement plans. Anthropic will soon join them. Between the lines: Anthropic's filing spells out how big the stakes are, devoting more than a quarter of the document to risks. The company warns that AI could pose "catastrophic or existential risks to humanity" and that models may try to manipulate the people using them. Zoom out: Each of these three deals is a bet that AI use keeps compounding fast enough to justify the industry's trillions in spending. The flip side, however, is that declining use could crack the foundation of America's entire economy. The bottom line: Everyone is on the AI train, whether we want to be or not.

Read it at Axios ↗

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