Anthropic: $2tn Valuation Eyed, Could Beat SpaceX IPO Record

Anthropic could achieve a valuation of two trillion US dollars or more in October. This comes from investors speaking with the Financial Times. Here's the thing: several of the AI startup's backers anticipate the company will pursue the largest initial public offering ever. This could surpass SpaceX's recent debut, which valued the aerospace company at about 1.77 trillion US dollars. SpaceX had previously knocked Aramco's 2019 valuation of 1.7 trillion US dollars from the top spot. Anthropic's run-rate revenue crossed 47 billion US dollars in May. This followed a 65 billion US dollar Series H funding round. Investors expect Anthropic's annualised revenue to reach between 100 billion and 120 billion US dollars by the end of 2026. What's interesting is that Anthropic's models currently outperform competitors like OpenAI across many benchmarks. The company leads in most benchmarks for frontier models. The bottom line: this potential valuation highlights the explosive growth and significant investment in the AI sector.