Anthropic targets $2T valuation in October IPO challenging SpaceX’s record

Investors expect Anthropic to reach a valuation of $2 trillion or more in October, easily surpassing SpaceX’s market debut as the largest IPO in history.

So far, the firm’s backers have asserted that its accelerating revenue growth and the growing demand for its cutting-edge AI models would justify a twofold increase in valuation for its autumn listing.

“If Anthropic is growing 800 percent a year, you’d think at the incredibly low end they would trade at 30 times [revenue]. That would make them a $3tn company,” one investor even contended.

At the moment, Anthropic has no obvious publicly listed US counterpart to help investors gauge its worth. However, AI-focused companies, including Palantir and Nebius, have been valued at roughly 55 times their revenue this year. 

Investors anticipate over $100 billion in earnings for Anthropic

Some internal sources noted that Anthropic management has yet to establish an official valuation target. Nevertheless, investors have proactively developed independent financial models, estimating that the company’s value could surpass $2 trillion with the IPO.

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