Alphabet To Raise $80B in Equity, Anthropic Files For IPO | Bloomberg Tech 6/2/2026

Berkshire backs the truck up

Warren Buffett's firm committed $10 billion alongside $30 billion in public offerings and a $40 billion at-the-market program beginning July 1.

CapEx acceleration signals

Analysts project Alphabet could spend $300 billion next year as hyperscalers collectively approach $1 trillion in annual infrastructure outlays.

Equity over debt strategy

Issuing stock instead of tapping credit markets demonstrates supreme confidence in near-term AI monetization returns, despite diluting shareholders.

Anthropic files confidential S-1

The AI lab submitted its draft registration statement to the SEC, pulling ahead of OpenAI despite Sam Altman's claims his firm will go public when 'everyone wants to.'

$4.7 billion revenue run rate

Anthropic is generating substantial top-line growth but maintains high burn rates, with Wall Street questioning if simultaneous mega-IPOs will compete for limited investor capital.

Unprecedented offering sizes

PitchBook data shows SpaceX's $75 billion raise alone exceeds the $1.5 trillion total of all U.S. VC-backed public listings over the past decade.

Rock-bottom banking fees

Elon Musk negotiated underwriting fees below 0.75% for the $75 billion IPO—among the lowest ever—yet banks accept the terms for prestige and future deal flow.

June 11 pricing timeline

The rocket company is set to price its offering on June 11 and trade shortly after, potentially achieving a $2 trillion valuation.

Circular dependency risks

Anthropic pays SpaceX $1.25 billion monthly for compute power, creating exposure where investors in one entity are indirectly funding another.

Alumni ecosystem expands

SpaceX co-founder Tom Mueller's startup Impulse Space raised $500 million at a $4 billion valuation to build orbital transfer vehicles, capitalizing on the sector's capital glut.