RE: Save the IPO dates: Anthropic planning to go public on October 23rd 2026, OpenAI one month later on November 27th 2026, targeting 1T marketcap, putting them in the top 20.

Would you subscribe to OpenAI or Anthropic shares

Doing so would require faith. Their income does not justify the valuation and the valuation is high due to the small percentage of shares on the IPO.

Similar to HIVE, there is no liquidity to justify such a high market cap. No one could acquire them fully (a buyout per se) at their trillion dollar valuation. Buying would be fair and "liquidly justifiable" only if their income matched their valuation and even if still no one had the 1 trillion.

I do not know the value of their assets holding though. If their assets are at least near their valuation then yes, they may be actually worth it. If their assets are actually above their valuation (highly doubt) then it would be a justifiable purchase that I would not do myself.