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MoneyThe story, in brief

Anthropic is having a moment in the private markets; SpaceX could spoil the party

Private market shakeup: Anthropic shares are the hottest trade while OpenAI loses ground.

Reporting by TechCrunch AI 1 min brief
Paper-cut illustration of amber paths carrying capital toward a small coral research venture between larger buildings.
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The KeyNews take

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.

The key facts

4 to know

  1. Secondary market for private shares at record activity levels

  2. Anthropic identified as hottest trade in private markets

  3. OpenAI losing ground in secondary trading

  4. SpaceX IPO signals could impact private market dynamics

Go to the source

TechCrunch AItechcrunch.com

Publisher excerpt: 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.
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