

Anyone can go and look at the S-1 filing to see under the hood or check out what financial analysts say about it. Total collapse is not likely (right now) for various reasons within it.
The article has the ultimate answer to your question: if they don’t build revenue to match the massive investments they’ve committed through 2045, they go bankrupt.
Long term bubble or not, everyone involved in (selling during) this IPO is going to have made off like a bandit well before that. This includes earlier investors like Amazon, if the stock price goes above $59 per share and their convertible notes can be exchanged for equity.
The full S-1 is over 300 pages. Here’s a summary example that appears to be free if you’re interested in some details: https://sec-api.io/insights/anthropic-ant-s-1-ipo-sec-filing-analysis (fair warning: this one reads like AI was involved)

This is what impeachment is for. In fact, impeachment for withholding funds was already successful but the votes weren’t there in the Senate for removal the first time round.
The problem is with reps having blind loyalty to a party and not to their oath of upholding the Constitution or providing a check on executive overreach.