Anthropic IPO Valuation Targets Surge to $2T-$3T Amid Revenue Growth

Investors project Anthropic's IPO value at $2T-$3T, driven by revenue forecasts of $100B-$120B. Executives have not set targets; risks include China competition and spending controls.

Woofun AI reports that select investors anticipate Anthropic could achieve a valuation exceeding $2 trillion upon its potential October listing, with some estimates reaching $3 trillion based on a 30x revenue multiple. While the company's valuation stood at $965 billion in May, investors cite rapid demand for Claude as justification for doubling this figure, projecting annual revenue to climb from $47 billion to between $100 billion and $120 billion by year-end.

Despite these bullish projections, Anthropic executives have not privately established an IPO valuation target. Significant headwinds remain, including competition from low-cost AI models in China, regulatory conflicts with the U.S. government, and corporate efforts to restrict AI expenditure.