Biggest IPO in history. Anthropic plans to go public with a $2 trillion valuation

Investors in Anthropic expect the company to go public with a valuation of $2 trillion or more.

This was reported by the Financial Times.

Such a valuation would make the company’s IPO the largest in history, surpassing SpaceX’s IPO.

Details on Anthropic’s financials

Anthropic investors told the Financial Times they expect the company’s revenue to surge in 2026. They forecast annual revenue could be between $100 billion and $120 billion by the end of the year.

This refers to the metric Anthropic uses to estimate annual revenue based on the company’s recent results. According to investors’ estimates, this measure could grow more than tenfold during 2026.

At the same time, Anthropic’s management has not yet determined a final valuation for the IPO. Investors are building their own financial models and are basing them on forecasts of the company’s future revenues.

According to the FT, Anthropic’s growth slowed in June. Reasons cited include increased competition from Chinese firms, pressure around AI regulation, and a conflict with the U.S. government. 

In 2026 venture funds, sovereign wealth funds and other institutional investors put just under $100 billion into Anthropic. In May the company’s valuation for the first time exceeded OpenAI’s — after raising new investments it reached $965 billion.

What is known about Anthropic’s IPO

At the beginning of June 2026 Anthropic announced a confidential filing for an IPO. 

The confidential filing format allows the company to go through the initial review stage without publicly disclosing financial and operational information. 

Filing the paperwork is the initial stage of preparing to enter the public markets. Whether the company will carry out the IPO itself will depend on market conditions and a range of other factors. The company noted that the number of shares planned to be offered to investors, as well as their price, have not yet been determined.

The New York Times reports that the listing could happen as early as this fall. 

Despite possible listings for OpenAI and Anthropic in 2026, Perplexity is maintaining its IPO plans for 2028.

More about Anthropic

Anthropic — is an American artificial intelligence company. It was founded in 2021 by former OpenAI researchers. 

One of its main products is the chatbot Claude. According to the company, it is the first model available on the three largest cloud platforms in the world: Amazon Web Services, Google Cloud and Microsoft Azure.

AWS remains Anthropic’s primary cloud services provider and training partner.

In May 2026 Anthropic said it plans to open public access to Mythos-class models in the future — AI systems capable of automatically finding critical vulnerabilities in program code. 

It is this model that the U.S. National Security Agency (NSA) uses for its own purposes despite the Pentagon earlier adding the company to a list of risky suppliers.

Read also: Claude will mark written text with hidden watermarks. How will this work?