Ed Zitron: Anthropic paying 10% on billions of debt on top of $4.4B at 8.5% is ‘an insane deal’
Ed Zitron @edzitronX
Why it matters
High-reach (~148k views) critic’s reading of the FT report on Anthropic’s double-digit yield to Blackstone; cites the $413bn of non-cancellable contracts and the earlier $4.4B at 8.5%.
Summary
Posted Sat Oct 17 01:05:08 +0000 2026 by Ed Zitron (@edzitron); 147,636 views, 1,102 likes, 143 reposts when read via api.fxtwitter.com on 2026-10-17. Quote-post of JustDario with two FT screenshots and a link to the FT article. Zitron calls Anthropic ‘a negative EBITDA company with $413bn in non-cancellable contracts’ (his characterisation; not checked here).
Archived text
Blackstone losing every dollar on this deal - a negative EBITDA company with $413bn in non-cancellable contracts that has yet to go public taking on - on top of $4.4bn of debt at 8.5% - billions in debt at 10% - what an insane deal! https://www.ft.com/content/cb4034e1-475f-40b9-a5f9-256e91aacb89?syn-25a6b1a6=1
Quoting @DarioCpx: Why Anthropic claims to be worth 2 trillion $ and then behave like a company that is on its way to be worth close to zero? 🤔
