Anthropic is buying compute like there is no tomorrow — and the clock is ticking toward a massive IPO. The AI firm just signed a deal with SpaceX for 300,000 kilowatts of capacity and over 220,000 NVIDIA GPUs. That alone is a statement. But now it is also in talks with Microsoft to access its in-house Maia 200 chips, a compute source previously locked behind internal walls. This is not just hardware shopping. It is a deliberate pre-IPO power play. Anthropic closed a $30 billion funding round in February at a $380 billion valuation. By late April, it was already negotiating a new round targeting $900 billion. Revenue jumped from $9 billion to $30 billion in under a year. The target is an IPO as early as October, though the S-1 has not been filed yet. Why traders should pay attention: AI infrastructure demand is pulling in chips, capital, and cloud partnerships at an accelerating pace. If Anthropic pulls this off, it will reinforce the narrative that AI-native companies are the new growth engines — and that compute scarcity is a real bottleneck. Watch for: whether Microsoft formalizes the Maia 200 deal, and whether the S-1 lands before October. That will set the tone for AI token sentiment and broader risk appetite. Personal analysis only. NFA. DYOR. #AnthropicComputeRace #TrillionDollarIPOs $SOL