Anthropic investors expect the AI startup to go public at a $2 trillion-plus valuation this October, potentially surpassing SpaceX as one of the most valuable private companies ever taken public. The company is projected to generate $100-120 billion in annualized revenue by end of 2026.
According to Financial Times sources, Anthropic's planned October IPO would value the artificial intelligence company at $2 trillion or higher—an unprecedented figure that would eclipse current comparables in the private market.
The revenue projections underscore investor confidence in Anthropic's near-term growth trajectory. A $100-120 billion annual run rate by the end of 2026 would represent extraordinary scaling from the company's current operations, reflecting expectations that AI adoption will accelerate rapidly across enterprise and consumer markets.
AnthropIc, founded by former OpenAI researchers Dario and Daniela Amodei, has positioned itself as a competitor to OpenAI through its Claude AI assistant. The startup has secured substantial funding from investors including Google and Amazon, cementing its status as one of the most well-capitalized AI companies.
The $2 trillion-plus valuation would place Anthropic in rare company. SpaceX, widely considered one of the most valuable private companies, was last valued around $180 billion in secondary market trading. Even among publicly traded tech giants, such valuations are uncommon—only Apple, Microsoft, Saudi Aramco, and Alphabet regularly trade above $2 trillion.
The projections reflect the venture capital and institutional investor appetite for generative AI plays, following OpenAI's rapid ascent and the broader boom in large language models. However, AI startup valuations remain highly speculative, dependent on unproven monetization models and uncertain competitive dynamics.
Anthropic has not publicly confirmed IPO plans or timelines. The company declined to comment on the Financial Times report.
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