Jun. 11 at 6:24 PM
MacroMicro:
$SPACZZX.P at
$1.75T implies 65x P/S on FY26 revs, a premium
$NVDA never touched even at peak AI euphoria (28x).
Anthropic is growing ARR from roughly
$9B to
$47B annualized in 5 months, trading at 20x, half the multiple at a faster growth rate.
By every historical screen Goldman has run on 5,000 IPOs, Anthropic is the better positioned b/n SpaceX & OpenAI: higher growth, visible profitability path, lower valuation
$AMZN $GOOGL $ZM