SpaceX IPO Paved The Way For Anthropic: Kennedy

Watch on YouTube ↗  |  September 10, 2026 at 11:12  |  7:31  |  Bloomberg Markets
Speakers
Ajay Shah — Deutsche Bank Chairman of Global Technology Investment Banking
Matt Kennedy — Senior Strategist, Renaissance Capital
Lise Buyer — Partner and Founder, Class V Group

Summary

The video examines IPO market conditions heading into Q4, the legacy of the JOBS Act, investor demand for AI categories, and how SpaceX's IPO trading history could shape Anthropic's anticipated IPO valuation.

  • Lise Buyer says IPO candidates are focused on financials and not trying to time around Anthropic, with 2027 shaping up as interesting.
  • Ajay Shah says investor interest is concentrated in AI, especially data centers, power cooling, and consumer health.
  • Ajay Shah frames AI as a horizontal productivity shock benefiting foundation model, app, and cybersecurity companies.
  • Matt Kennedy says the IPO market is neither too hot nor too cold, but the window can close at any time.
  • Matt Kennedy says SpaceX's IPO pop/drop shows discipline rather than a bubble and may support Anthropic's $2 trillion valuation.
  • Lise Buyer says the JOBS Act removed the 500-shareholder forcing function, delaying IPOs and pushing large companies toward public markets.
  • Biggest cited IPO risks include down markets, geopolitics, and fears of overvaluation without enough earnings.
Ideas
Ajay Shah Deutsche Bank Chairman of Global Technology Investment Banking 1:04
AI demand in data centers, power, health.
Investor demand is concentrated in all things AI, with data center space, power/cooling, and consumer health the areas most likely to peak investor interest and attract capital.
AI Data Centers HIGH
Ajay Shah Deutsche Bank Chairman of Global Technology Investment Banking 1:04
AI demand in data centers, power, health.
AI is a horizontal technology that makes intelligence dramatically cheaper, more abundant, and more scalable, increasing productivity across industries and creating enormous technology infrastructure; foundation model companies, app companies, and cybersecurity companies are key beneficiaries investors can rely on.
AI-SECTOR HIGH
Matt Kennedy Senior Strategist, Renaissance Capital 6:00
SpaceX precedent supports Anthropic $2T valuation.
SpaceX's IPO was a first in size and structure, then popped more than 50% and fell more than 50%; Kennedy says this shows investor discipline rather than a bubble and still supports valuations based on earnings years out, giving Anthropic a precedent to justify its reported $2 trillion valuation.
SPCX ANTHROPIC MED
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This Bloomberg Markets video, published September 10, 2026, features Ajay Shah, Matt Kennedy discussing AI Data Centers, AI-SECTOR, SPCX, ANTHROPIC. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ajay Shah, Matt Kennedy  · Tickers: AI Data Centers, AI-SECTOR, SPCX, ANTHROPIC