Anthropic could be worth $2 trillion when it goes public

Anthropic is expected to float at a valuation of about $2 trillion or more in an October IPO, making it the largest initial public offering ever and surpassing SpaceX’s market cap. Investors cite rapid revenue growth—projected annualized sales of $100–$120 billion by end‑2026 (an 8‑10× jump from today)—as justification for such a valuation, with some analysts suggesting multiples as high as 30–55 times projected revenue. The deal would unlock significant returns for early backers but also tests increasingly wary public markets amid a growing AI boom.

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Source: Ars Technica | 2026-08-13