Silicon Valley's New Pecking Order: Anthropic Stock Outvalues Real Estate

As San Francisco's median home price exceeds $2 million, Anthropic's valuation surge—jumping from $380 billion to $965 billion in three months—has paradoxically made employee stock holdings more coveted than physical real estate. Tech workers facing an unprecedented wealth-on-paper problem are now engaging in creative property-for-stock exchanges, signaling a fundamental shift in how Silicon Valley accumulates and values wealth.