Anthropic Is the Hottest Trade on the Private Secondary Market — OpenAI Losing Ground
TechCrunch·high signal
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 is losing ground on the secondary market despite its massive $122B raise, and SpaceX's anticipated IPO could redirect capital away from AI-focused secondaries entirely. Anthropic completed a $30B Series G at a $380B valuation earlier in Q1.