unusual_whales Says Anthropic and OpenAI Implied Valuations Erased More Than $700 Billion Combined in a Month
BREAKING: Anthropic and OpenAI have seen more than $700 billion erased from their combined implied valuations over the past month, as the selloff in AI markets continues. Anthropic has fallen nearly 18% to $1.738 trillion, while OpenAI is down over 18% to $1.370 trillion, according to pre-IPO perpetual prices on @liquidtrading.
Context
Falling pre IPO prices for Anthropic and OpenAI show private market investors marking down the largest AI labs with the public AI selloff.
unusual_whales (@unusual_whales) cites pre IPO perpetual prices on Liquid (@liquidtrading). Implied valuations on such platforms are not the same as a completed IPO price.
Deep dive
unusual_whales (@unusual_whales) posted on Nov 5 that Anthropic and OpenAI have seen more than $700 billion erased from their combined implied valuations over the past month as the selloff in AI markets continues.
According to the post, Anthropic has fallen nearly 18% to $1.738 trillion, while OpenAI is down over 18% to $1.370 trillion, based on pre IPO perpetual prices on Liquid.
These numbers come from a secondary trading venue via unusual_whales. They are not official company valuations and can differ from primary funding rounds.
The charts attached show Anthropic's Liquid price around $1,738.70, down about 18.7% over 30 days, and OpenAI around $1,393.70, down about 17.8% over the same window. The OpenAI figure in the image is close to but not identical to the $1.370 trillion line in the text, so both should be treated as platform marks.
Even as rough marks, a combined $700 billion drawdown in a month matches the public tech selloff and the weaker Polymarket odds on Anthropic's IPO size.
The post passed about 260,000 views.
What to expect next
Watch whether Liquid and other pre IPO venues keep marking the labs lower, and how that compares with their next primary funding rounds. Public AI chip stocks will influence the private marks. Any IPO timeline comments from Anthropic or OpenAI will be read against these prices. Large secondary trades reported by brokers would confirm whether the Liquid marks match real deals.