The Money TrailApril 4, 2026via TechCrunch AI
Anthropic is having a moment in the private markets; SpaceX could spoil the party
Why it matters
Secondary market dynamics reveal shifting investor sentiment in the AI race, with Anthropic gaining momentum over OpenAI while SpaceX's potential IPO threatens to redirect private market capital flows.
Key signals
- Secondary market for private shares at record activity levels
- Anthropic identified as hottest trade in private markets
- OpenAI losing ground in secondary trading
- SpaceX IPO signals could impact private market dynamics
The hook
Private market shakeup: Anthropic shares are the hottest trade while OpenAI loses ground.
Glen Anderson, president of Rainmaker Securities, says the secondary market for private shares has never been more active — with Anthropic the hottest trade around, OpenAI losing ground, and SpaceX's looming IPO poised to reshape the landscape for everyone.
Relevance score:85/100