If Anthropic Stock Trades Like SpaceX, Investors May Wish They Owned Alphabet Instead
With an investment in Alphabet, you get both an established AI player and exposure to Anthropic.
Overview
Investors who liked the potential upside that Space Exploration Technologies (NASDAQ: SPCX) offers but wanted to avoid the risk of owning the stock directly could have invested in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) instead of buying SpaceX stock when it went public on June 12. That's because the tech giant itself was a strategic investor in SpaceX. As of June 30, Alphabet's stake in SpaceX is worth $94.1 billion.
Owning Alphabet would have given shareholders exposure to SpaceX, while avoiding the volatile price swings the artificial intelligence (AI) and space company has experienced since its public debut.
That same dynamic may play out again, as the highly anticipated initial public offering (IPO) of the start-up Anthropic could be right around the corner.
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Source
Originally published at www.fool.com.