Anthropic's IPO math just broke the calculator: $2 trillion
Anthropic's backers are telling the Financial Times the Claude maker could float at $2 trillion or more this October, making it the biggest IPO ever and bigger than SpaceX. The bullish case rests on revenue allegedly rocketing from $47 billion annualized in May toward $100 to $120 billion by year end, an eye watering 800 percent growth rate that some investors think justifies a $3 trillion price tag. Anthropic hasn't set a number yet and is in SEC quiet period lockdown, but the hype alone shows how unhinged AI valuations have gotten, even with regulatory fights and Chinese competition looming.
Nothing says "stable business" like a valuation that depends on believing 800 percent growth lasts forever.