According to reports, Anthropic’s stock may begin trading around October, and when the date gets closer, investors will learn more about the company’s financials and just how high a valuation it is seeking. Currently, it’s believed that Anthropic’s IPO could price the AI company<\/a> at a market cap of $2 trillion, potentially even as high as $3 trillion. <\/p>\n The stock market has been hot this year, with the S&P 500 hitting record levels, and thus, the time is ripe for companies to go public, as it can result in much higher valuations than in years when investors may be more cautious. SpaceX went public in June, and its valuation already looked excessive at around $1.75 trillion. It would end up surging to more than $2 trillion, only to fall afterward. It’s been a volatile stock out of the gate, and Anthropic may experience similar volatility. <\/p>\n The business is growing fast, but it may be risky to invest in <\/p>\n There’s been plenty of excitement around Anthropic’s Claude chatbot, as it is highly popular for coding and can drastically improve efficiency for businesses, enabling them to do more with less. According to Bloomberg, Anthropic’s revenue for the second quarter surged to $11.5 billion, up from $787 million a year ago. It’s been growing at an incredibly fast pace. <\/p>\n However, without its full financials to analyze, investors still don’t have a firm idea as to its prospects for profitability. But as SpaceX has shown, even with billions in losses, that may not deter investors from buying up a hot new growth stock<\/a>. <\/p>\n The risk for investors is that investing in a company that’s unprofitable, whether it’s SpaceX or Anthropic, particularly at a high valuation, can result in significant losses later on. While early hype can enable a new stock to soar regardless of its price tag, that doesn’t mean it’ll stay at an elevated value. Investors should always consider valuation and profitability when investing in stocks. As promising as Anthropic may seem, I don’t think a $2 trillion market cap (or more) would be justifiable at such an early stage in its growth. <\/p>\n Should you buy stock in Space Exploration Technologies right now? <\/p>\n Before you buy stock in Space Exploration Technologies, consider this: <\/p>\n The Motley Fool Stock Advisor analyst team just identified what they believe are the\u00a010 best stocks<\/a> for investors to buy now\u2026 and Space Exploration Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. <\/p>\n Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $421,511!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,381,960!* <\/p>\n Now, it’s worth noting\u00a0Stock Advisor’s total average return is 981% \u2014 a market-crushing outperformance compared to 216% for the S&P 500.\u00a0Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built by individual investors for individual investors. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of August 17, 2026. <\/p>\n David Jagielski, CPA<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. Anthropic’s IPO could be coming in October <\/p>\n