Keep pulling the thread on Aswath Damodaran.
A future market correction related to the AI boom is predicted to be more widespread and affect more economic sectors than the dot-com bust of 2000.
Anthropic is currently being valued at $1 trillion in the private market.
Aswath Damodaran's recent analysis placed the intrinsic value of SpaceX at $1.2 trillion.
Anthropic's annual recurring revenue has reached $30 billion and is projected to grow to $40 billion.
SpaceX possesses stronger competitive moats in its space launch and satellite internet businesses than any other technology company.
Spending commitments from OpenAI and Anthropic constitute approximately 50% of Microsoft's revenue backlog, 51% of Amazon's, 43% of Google's, and over 50% of Oracle's.
The risk of war is the most immediate systemic threat to the market, while the risk from an AI disappointment is a longer-term issue.
The combined market capitalization of the expected IPOs for SpaceX, Anthropic, and OpenAI will exceed the total market cap of all IPOs from the dot-com era.
OpenAI is considered a "corporate governance nightmare" due to its complex structure, which poses a significant challenge for its potential IPO.
OpenAI is projected to burn $25 billion in cash in 2026.
The US military expects China to be prepared to invade Taiwan by 2027, with a more likely timeframe being 2029 or later.
A potential Chinese invasion of Taiwan is a catastrophic event that financial markets are currently not pricing in.