Emad Mostaque
Founder of Intelligent Internet and author of The Last Economy.
“I've said previously on this podcast, Anthropic should not be a public company. If you take what they say seriously, it should not be a public company. And looking at their financials, it doubles down on that. They have over 100 billion in cash. They are able to raise another 100 billion in private markets in cash. Now is the ideal time for them to do so. But I think they won't give a damn about the share price.”
Moonshots with Peter Diamandis · Tech Strategy & Big Tech · October 2026
Context
The hosts were arguing over the governance structure in Anthropic's IPO filing. Mostaque says the company's stated mission conflicts with a public listing, and that it has enough cash and private-market access that it never needed one.
Transcript
Well, I mean, I think they should give a vote for each of their models on the long-term benefit trust. I'm serious. Yeah, no, I mean, I have to be
able to do that.
You should do that right now. Again, it's got the capability and it is kind of that mechanism. I've said previously on this podcast, Anthropic should not be a public company. If you take what they say seriously, it should not be a public company. And looking at their financials, it doubles down on that. They have over 100 billion in cash. They are able to raise another 100 billion in private markets in cash. Now is the ideal time for them to do so. But I think they won't give a damn about the share price. So
why are they going public? I mean, they need the cash.
Compute. There's no amount of compute that's enough.
If you believe in AGI. Sorry, Gaudaman. Yeah, they don't need the cash. They raised $130 billion and they have $110 billion on the balance sheet of cash and cash equivalents. They've only spent 10 to 20 billion. They're going to raise another $100 billion. So they'll have $200 billion of cash on…
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