In contemplation of the Anthropic IPO, a note for the non-believers in the ‘Digital Sky Daddy’. The 🐿️'s 'Monday' Morning Notes. Year 4; Week 43 of 2026.
If these things grow exponentially they will come to dominate the S&P500, so why not buy your "schmuck insurance" on the S&P500 at much lower implied vol?
SpaceX becomes SPX eligible no earlier than June 2027, and Anthropic's earliest shot is around late 2027 to 2028, depending on when its IPO prices. Both need to sustain GAAP profitability. So no cure for nearer term FOMO
If these things grow exponentially they will come to dominate the S&P500, so why not buy your "schmuck insurance" on the S&P500 at much lower implied vol?
SpaceX becomes SPX eligible no earlier than June 2027, and Anthropic's earliest shot is around late 2027 to 2028, depending on when its IPO prices. Both need to sustain GAAP profitability. So no cure for nearer term FOMO
Great writeup! If the ipo actually happens, are semis and hyperscalers (perhaps minus Google) a buy right into the IPO?