FT: Anthropic could be the biggest IPO in history, worth more than $2,000 billion

(Il Sole 24 Ore Radiocor) - Anthropic’s investors expect the artificial intelligence start-up to go public in October with a valuation of $2,000 billion or more, a figure that would exceed that of SpaceX and make the AI company’s debut the largest IPO ever.

This is according to the Financial Times, which states that, according to various sources, the rapid growth in revenue at Anthropic would enable its current valuation to more than double at the time of its planned autumn listing.

An IPO at such levels could generate billions of dollars in profits for the early investors in the company – which was founded five years ago – but it would also put the public markets to the test, as they grow increasingly uneasy about the AI boom.

Investors predict that the turnover of the company – the creator of Claude – will reach between 100 and 120 billion dollars by the end of 2026, marking a growth of more than tenfold over the course of 2026. “If Anthropic grows by 800 per cent a year, one could assume that, even by the most conservative estimate, it would be trading at a multiple of 30 times revenue,” said one investor in the group: “That would make it a $3,000 billion company.”

Several investors have reported that Anthropic’s senior management have not yet set a valuation target for the IPO, not even in private conversations; however, the investors have drawn up their own financial models.