HYPERLIQUIDnews 10.0/10meme 6.0/10R-0105
anthropic may ipo as junk, per ft
per the ft, blackstone has told investors that anthropic likely won't get an investment-grade rating right after its ipo, which could come as soon as november. the company is expected to be rated 'high junk'. blackstone is working with the banks that financed the debt to sell it on to other investors. kobeissi letter flagged that an investment-grade rating is 'central' to the ai buildout, and the company says it expects to spend over $800 billion on computing infrastructure between now and 2045. it lands as tech sits in a bear market, intel is down 30%, deutsche bank warns of an ai selloff and house democrats push a 'no bailout for ai firms' resolution.
HOW TO CHECK IT YOURSELF
- read the original ft report on blackstone and the anthropic debt
- check the ratings from the agencies once the ipo is filed
- compare the $800 billion compute spend claim with company filings
WHAT IT MEANS FOR YOU
the ai darling may list with a junk rating just as funding gets tighter. a rating that low makes the debt-fuelled buildout pricier, and the story only matters if the ipo actually happens as reported.
the ai darling may list with a junk rating just as funding gets tighter. a rating that low makes the debt-fuelled buildout pricier, and the story only matters if the ipo actually happens as reported.
receipt R-0105 · x: https://x.com/KobeissiLetter/status/2116228648978055455 · 30 oct 18:02 utc · by data butcher