Ken Smythe

OpenAI’s secondary-market liquidity has collapsed as investors pivot to Anthropic, which is bid and valued at roughly $600B, while OpenAI's fundraising and towering valuations, plus regulatory tensions with the Pentagon and a security slip, define a shifting AI investment landscape.

Anthropic will charge extra for OpenClaw usage via a pay-as-you-go option, effectively tightening usage economics for Claude Code subscribers and signaling a broader shift in the OpenAI/Anthropic/OpenClaw ecosystem amid volatile private-market dynamics and SpaceX’s looming IPO.

Anthropic is hot in private markets with buyers ready to deploy billions, OpenAI trades at a steep secondary discount, and SpaceX’s imminent mega-IPO could siphon liquidity and redefine valuations for AI names.