$965 Billion. Why Investors Keep Pouring Money Into Anthropic.
Anthropic raised $65 billion in equity on Thursday in a Series H round.
Then borrowed $36 billion more.
In one day, the company behind Claude assembled a $101 billion capital stack — more than most countries spend on their entire defense budgets annually.
The IPO window is October 2026.
Here is the story ⇩
SPONSOR BREAK presented by MarketWise*
Check Your Power Bill: New ‘AI Tax’ Rolling Out Nationwide
A new AI crisis is spiking power bills across America. It’s part of a $33 trillion problem for the stock market… which experts warn could cause a crash 62 times worse than The Great Depression if it isn’t fixed fast.
Quick Explainer · What is Series H?
When a startup raises money from private investors, each round gets a letter — A, B, C, and so on. The letter just tells you how many times the company has gone back for more.
Series H means the eighth time.
That is extremely rare. Most companies go public or get acquired long before they reach the alphabet’s eighth letter.
By the time a company reaches Series H, it is no longer a startup. It is a massive, mature business that needs billions.
!!! Why does this matter for the IPO? A Series H signals that a company has exhausted the private market’s appetite and is ready for public capital.
The investors coming in at this stage are positioning for the IPO. They want to be in before the ticker drops, at a price that still reflects private market dynamics rather than public market euphoria.
⇩
SPONSOR BREAK presented by MarketWise*
Elon’s $480 Trillion Currency Masterplan
He’s waited 27 years for this moment. Elon Musk just launched his biggest disruption ever, which could totally reset how millions of people access their money and even pay tax.
Here’s exactly what to buy to profit.
The $101 Billion AI Bet
The headline number was the $65 billion equity raise.
The investor list reads like a who’s who of Wall Street:
→ Altimeter,
→ Sequoia,
→ Dragoneer,
→ Coatue,
→ Capital Group,
→ GIC,
→ ICONIQ, and several others.
But the more interesting number may have been the additional $36 billion debt package.
Unlike traditional corporate debt, this financing is being used to acquire Google’s Tensor Processing Units (TPUs) — specialized chips designed to train and run AI models.
Anthropic will then lease those chips back to itself.
Apollo and Blackstone are financing the hardware. Broadcom is backstopping the payments. Google is supplying the chips.
!!! That is not a simple funding round. That is a vertically integrated AI infrastructure deal dressed up as a debt transaction. Anthropic has been struggling to meet demand — instituting usage limits during peak hours. The $36 billion debt deal is the solution to that constraint.
In other words, the company isn’t raising money because it’s struggling.
It’s raising money because it needs more computing power than it currently has.
⇩
SPONSOR BREAK presented by Paradigm*
Do not invest on IPO Day.
I don’t care how big the IPO is.
Elon Musk is set to take Starlink public this year in what will be the biggest IPO in history.
But instead of buying Starlink, you should look into this $30 stock – and you should do it right now, before the potential IPO.
This company – whose name and ticker is revealed for FREE in this short video – is poised to rocket 100% or more in the next year off the back of the coming SpaceX IPO.
And you can get shares today.
Click here for the details.
Sincerely,
James Altucher
The Revenue Growth Is Hard To Ignore
Investors can justify almost any valuation when revenue is growing fast enough.
Anthropic’s numbers certainly qualify.
The company says its annualized revenue run rate recently crossed $47 billion, up from roughly $9 billion at the end of 2025.
For context:
→ End of 2025: $9 billion ARR
→ April 2026: $30 billion ARR
→ May 2026: $47 billion ARR
That’s extraordinary growth even by AI standards.
More importantly, Anthropic says it expects to generate its first operating profit this quarter.
For investors, that’s a critical milestone.
Growth gets attention.
Profits get credibility.
⇩
SPONSOR BREAK presented by MarketWise*
The real reason Musk, Huang, Cook, and Fink just flew to Beijing
Last week, the CEOs of Nvidia, Apple, SpaceX, BlackRock, Goldman Sachs, Visa, Boeing, and more boarded Air Force One with President Trump to visit China. A U.S.-China trade deal would ignite a Melt Up in U.S. stocks, sending the market into a frenzy.
Learn the exact moves one Florida millionaire says to make today – before this window closes.
The revenue race · Anthropic vs OpenAI
The AI race is no longer just about building better models.
It’s becoming a competition for revenue, infrastructure, and public market attention.
According to the latest estimates: Anthropic is generating an estimated 35% more revenue than OpenAI.
The drip of leaked financials from both AI giants is turning into a flood as they jockey for IPO position. The numbers have moved fast.
⇩
SPONSOR BREAK presented by BrownstoneResearch*
Better than SpaceX? Grab this ticker instead.
Larry Benedict generated $274 million for his clients by finding the trade most missed.
He says The Final Phase of Elon’s Master Plan is about to trigger one of the biggest wealth transfers in market history.
He’s already identified the ONE ticker positioned to capture it. It isn’t SpaceX, Tesla, or anything you’d expect.
He’s giving away the name, free.
Click here to get the full details before the window closes.
Angle 2 · The memory chip connection
The companies that make the memory just invested in the company that needs it.
1 Micron,
2 Samsung, and
3 SK Hynix
The three companies that crossed $1 trillion this week — just joined Anthropic’s Series H as strategic infrastructure partners.
The circle closes.
Earlier this week we covered the three memory chip giants crossing $1 trillion in a single month… and on Thursday, those same three companies showed up as investors in Anthropic’s Series H round as “strategic infrastructure partners.”
That is a supply chain made visible.
Micron, Samsung, and SK Hynix make the HBM chips that power AI inference. Anthropic runs one of the most compute-intensive AI systems in the world.
The companies building the hardware are now investing directly in the companies consuming it.
The AI ecosystem is becoming deeply interconnected.
⇩
The 2026 IPO calendar · Updated
Three of the most valuable private companies in history. One summer. $200 billion needed from public markets.
The entire US IPO market raised $45 billion in all of 2025. These three companies need more than four times that — in months.
What is confirmed
→ SpaceX is furthest along — S-1 is public, Goldman Sachs leads a 21-bank syndicate, roadshow reportedly begins June 4.
→ OpenAI has filed confidentially.
→ Anthropic has engaged Wilson Sonsini for IPO preparation and has informal bank talks underway.
What is not confirmed
→ No S-1 filed for Anthropic.
→ No official ticker.
→ No underwriter named publicly.
→ October 2026 is a reported target from Bloomberg — not a confirmed date from Anthropic.
The three IPOs together could demand north of $200 billion from public markets. The entire US IPO market raised just $45 billion in all of 2025.
The math is extraordinary.
The 2026 IPO calendar just got a lot more crowded. 👀
Don’t forget to to cast your vote 👇
Lesson Of The Day:
Was this email forwarded to you? Don’t miss out on future stories — subscribe using the button below.
Also, help your friends blossom this spring! Share us with them.
💬 We Want To Hear Your Story:
Got a market or stock you want us to analyze next?
Just drop your request in the comments here.
P.S. – If you no longer want to receive occasional emails from us and you want to unsubscribe, click here 👉 “Unsubscribe” . Thank you!
