Keep pulling the thread on Berkshire Hathaway.
Google is planning an $85 billion equity offering, which would be the largest stock sale in history.
Berkshire Hathaway is expected to invest approximately $10 billion in Google's equity offering and will reportedly receive a 6.5% discount on its shares.
SpaceX is planning to raise $75 billion in its Initial Public Offering, which would be the largest IPO of all time.
Anthropic raised $65 billion in a private Series H funding round.
OpenAI raised $122 billion in its last private funding round.
Scott Galloway predicts that the upcoming flood of approximately $400 billion in new equity issuance will outstrip demand and cause stock prices to decline.
Scott Galloway believes Google's $85 billion equity offering is a strategic move to absorb a finite amount of investor capital available for AI, thereby disadvantaging competitors like Anthropic and OpenAI.
Scott Galloway predicts that one or two of the three major AI companies (SpaceX, Anthropic, OpenAI) will see their stock fall by 60% to 80% within the next 12 to 24 months.
The struggles of fast-food franchises are primarily caused by a structural shift in consumer behavior due to the adoption of GLP-1 drugs, not a failure of the franchise model itself.
An analysis by Truist of 30 major IPOs found that the average maximum stock price drawdown within one year of going public was 55%.
The Claude Pro Max subscription costs $200 per month, but reportedly costs Anthropic $5,000 per month in compute and inference to service each user.
Scott Galloway predicts that Anthropic will have the biggest first-day IPO pop among its peers because its market narrative and momentum are stronger than that of SpaceX and OpenAI.