# Damodaran values Anthropic at $1.475T and flags its voting structure and compute commitments

> Original title: Dean of Valuation Professor Aswath Damodaran just published a long post valuing Anthropic at $1.475T.

- Source: Rohan Paul
- Published: 2026-10-29T00:11:45.000Z
- Bad Influence: https://badinfluence.news/items/gx75cnulkiwbkeaam7kn6mjoq
- Original: https://x.com/rohanpaul_ai/status/2115597418196812087

## Summary

Aswath Damodaran values Anthropic at $1.475 trillion in a long post. He says seven co-founders hold 50.1% of votes through a single share, which he compares unfavorably to Kim Jong Un's power. He says the $80.7 billion first-half loss is mostly a $72 billion non-cash bond charge, with a real operating loss of just over $8 billion, and calls over $600 billion in compute commitments the biggest risk.

## Post

Dean of Valuation Professor Aswath Damodaran just published a long post valuing Anthropic at $1.475T.

He says Anthropic’s voting setup, where 7 co-founders hold 50.1% of votes through a single share, “would put Kim Jong Un to shame.”

> Anthropic is growing fast but slowing: first-half revenue was about 14x a year earlier, then third-quarter growth cooled as OpenAI won share and Anthropic ran short of compute.

> The headline $80.7B first-half loss is mostly a $72B non-cash bond charge; the real operating loss was just over $8B, and Anthropic says it made an operating profit last quarter.

> The biggest risk is over $600B in compute commitments, a fixed bill owed even if growth stalls, while founders hold 50.1% of votes, leaving public shareholders little say.

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