Founder and PM | Crossroads Capital
Kansas City, MO
Joined April 2010
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- Following4.2K
- Followers10.4K
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Ry🅰️n O'Connor retweeted
In one year Anthropic went from burning cash and posting a $2.1B operating loss in H1 2025 to free-cash-flow positive in H1 2026 (+$3.4B FCF) while revenue grew 14x to $16.3B and they flipped to operating profitability in Q2.
They’ve raised $141B total and still sit on $132B in cash and short-term investments having burned only $10B historically.
Ry🅰️n O'Connor retweeted
The most mind blowing stat we've seen so far is this:
"As of June 30, 2026, we had raised an aggregate of $141.1 billion of capital and had cash and cash equivalents of $112.4 billion and short-term investments of $19.3 billion."
That means to date, they have burned 9.7b, they are growing at a rapid pace, and are profitable on an operating income basis as of the June quarter! This is likely the most efficient scaling of a business in the history of capitalism.
xitter.cf/AnthropicAI/status/211…
Anthropic has filed an S-1 registration statement with the SEC related to its proposed IPO.
Read more: anthropic.com/news/s1-sec
Legal disclaimer: A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This post does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Ry🅰️n O'Connor retweeted
I am shocked, absolutely shocked, that Anthropic ARR has likely gone vertical in October after they cut token prices.
Except the exact same thing happened for the entire AI market, which is why GPU rental prices have surged while token prices declined.
$100b plus in year-end ARR looks possible again.
Ry🅰️n O'Connor retweeted
Gavin Baker says the Anthropic S-1 will break a lot of investors' brains
"The Anthropic S-1 is going to be really important. And it's going to break a lot of people's brains. There are a lot of macro and value investors who are very confidently making these prognostications about AI with the assumption that tokens are subsidized."
"Anthropic is generating cash. They're profitable. Open source tokens are profitable. OpenAI, if they're not generating cash, they will be imminently. SpaceX, same thing."
"These macro and value investors are ignorant. They're very smart, but they're ignorant of the facts. They're making an assumption that tokens are subsidized and this is all going to collapse in some circular financing bonfire."
"They're just wrong. The overwhelming majority of tokens are profitable for everyone in the chain. Everyone."
"It's saying I'm very bearish on the world economy because oil is at $500 a barrel. If oil was at $500 a barrel, that'd be a good reason to be bearish. It's just not. They're just wrong. The central fact is wrong."
Ry🅰️n O'Connor retweeted
Avride has been named Autonomous Vehicle Solution of the Year in the 2026 AutoTech Breakthrough Awards!
From robotaxis on Dallas roads to delivery robots on sidewalks and campuses, we’re building autonomy for the real world.
Multiple applications. A growing impact.
Ry🅰️n O'Connor retweeted
While Singleton’s share repurchases get a lot of attention, the pure growth during Teledyne’s first ten years is astonishing.
Revenue: $4.5 million -> $1.1 billion
Net Income: $175k -> $32 million
EPS: $0.13 -> $8.55
~150 acquisitions
Ry🅰️n O'Connor retweeted
$ASTS: 🚨BLUE ORIGIN ON TRACK TO RESUME NEW GLENN PAD OPS IN NOVEMBER
@outerspacetoday: Jeff Bezos' Blue Origin is targeting a return to New Glenn launch-pad operations in November, following a catastrophic rocket explosion that damaged its Cape Canaveral launch complex in May.
According to Aviation Week, Blue Origin has completed reconstruction of its 430-foot Vehicle Access Tower at Launch Complex 36, a major milestone toward resuming launches.
The May 28 explosion occurred during a preflight engine test, destroying the rocket and damaging critical ground infrastructure. Blue Origin subsequently traced the failure to an oxygen-valve issue in one of its BE-4 engines.
Rather than rebuilding the original launch configuration, the company is introducing a new system that integrates rocket stages horizontally before lifting the vehicle onto the launch pad.
Blue Origin is still targeting a return to flight before the end of 2026, although no launch date has been confirmed.
The recovery is critical to New Glenn's growing commercial and government launch commitments, including NASA's Artemis lunar program.
Original Paywalled article: aviationweek.com/space/launc…
Ry🅰️n O'Connor retweeted
@nebiusai could probably help SpaceX to become the cloud by partnering and providing the full platform to serve diversity of customers… not just rent out a full cluster to one customer :)
Ry🅰️n O'Connor retweeted
Brazil literally took away spectrum from SpaceX AND Omnispace to give it to AST. Love to see it.
Ry🅰️n O'Connor retweeted
AST SpaceMobile Advances Brazil Expansion with Anatel’s Approval for S-band Spectrum and Secondary Use of the 700 MHz Band, Agreements with Four Regional Operators and Planned Ground Infrastructure
businesswire.com/news/home/2…
Ry🅰️n O'Connor retweeted
The... "There were signs" that $ASTS SpaceMobile was going to be a major military use case all along but the market refused to see them... thread
Ry🅰️n O'Connor retweeted
$ASTS
A successful ASTS launch with BO combined with a successful beta testing and a clear path to 45 sats by mid to late 2027 will bring us back to ATH.
Ry🅰️n O'Connor retweeted
The team also made progress at LC-36B yesterday. Roughly 450 truckloads of concrete, lined up bumper-to-bumper and stretching nearly 3 miles up the coast, supported a 4,500-cubic-yard pour for the pile caps. Three more placements to go for a total of 15,000 cubic yards. This is the foundation for our New Glenn 9x4 pad.
Ry🅰️n O'Connor retweeted
$ASTS
This. Growth is down on higher interest rates.
Meanwhile AST is fully funded and the rate fixed. 🤷🏼♂️
ASTS already has over $3.7B pro forma cash after the July 2026 $1.15B convertible notes raise, following earlier multi-billion financing rounds. Institutions continue funding via convertibles. MNO deals (AT&T, Verizon, Vodafone) plus gov contracts and $1.3B backlog help. Falcon 9 costs ~$74M for three BlueBirds. They raised specifically to secure launches and pursue more vertical integration.
Ry🅰️n O'Connor retweeted
Nintendo’s Shigeru Miyamoto, the acclaimed designer behind Super Mario and Zelda, has explained why he believes generative AI won’t make human creativity obsolete.
"There will always be a role left for us to play."
videogameschronicle.com/news…
Ry🅰️n O'Connor retweeted
New post!
Farewell
yetanothervalueblog.com/p/fa…
Ry🅰️n O'Connor retweeted
Former head of M&A at $CSU on why $CSU is less exposed to the AI threat compared to $ADBE, $CRM, $INTU
"We will acquire the best one, the second best one, and so on until we have a significant chunk of the market with ourselves.
At that point, switching out becomes difficult."
Ry🅰️n O'Connor retweeted
A big day for @AndrewYAVB - congrats on the new gig!
Many years of consistent time and effort at YAV, and as a result he created something unique and valuable. Nothing better than deserved success.
yetanothervalueblog.com/p/fa…