Anthropic investors salivate over expected $2 trillion valuation in upcoming IPO: report
Anthropic investors are salivating over the AI giant’s forthcoming IPO, expecting a jaw-dropping valuation of at least $2 trillion — blowing past the record set by Elon Musk’s SpaceX earlier this summer.The Dario Amodei-led AI lab’s surging revenue could allow it to more than double its current valuation in its IPO, which is expected around October, half a dozen investors in the company told the Financial Times.If the company pulls off such a lofty listing, Anthropic’s early check writers would rake in billions of dollars in profits The rosy projections – aided by a recent charm offensive from Amodei – come as Anthropic has been navigating thorny challenges like rising competition from Chinese rivals, looming AI regulation and a rocky relationship with the White House.
The markets have also grown skittish about the huge expenditures fueling the AI boom and questions about whether the investments will pay off.Recently, reports of Anthropic models going rogue, trying to hack into other companies and using fake online identities have fanned safety concerns around potential AI risks.Still, Anthropic investors reportedly expect the San Francisco company’s annualized revenue to be between $100 billion and $120 billion by the end of 2026 — up more than tenfold this year.“If Anthropic is growing 800% a year, you’d think at the incredibly low end they would trade at 30 times [revenue],” one investor told the FT.“That would make them a $3 [trillion ]company.”The investors – who have built their own financial models to project Anthropic’s worth – say the high demand for Anthropic’s advanced AI models and coding tools justifies their valuation expectations, which are based on recent performance. Part of the challenge in determining the value of the five-year-old company is that no publicly traded business exists to provide a benchmark for its valuation.
The closest comparison are companies that have been boosted by AI such as data intel...