Anthropic is now the hardest stock to source on private secondary markets. Buyers have signalled $2 billion in cash ready to deploy into the AI safety startup, while roughly $600 million in OpenAI shares struggle to find takers. Goldman Sachs charges its usual 15–20% carry on Anthropic trades — for OpenAI, Morgan Stanley and Goldman have dropped carry fees entirely.
The shift is stark. But a larger disruption looms: SpaceX’s confidential IPO filing is already redirecting massive capital flows. Once that listing hits, the liquidity pool funding AI startups could shrink dramatically. Glen Anderson of Rainmaker Securities, which facilitates trades in around 1,000 private stocks, warns that the SpaceX IPO could „reshape the landscape for everyone.“ For Anthropic, the timing is a paradox — peak demand, just as the money might move elsewhere