George HammondAug 13, 2026 – 4.40pmSan Francisco | Anthropic investors expect the AI start-up to float at a valuation of $US2 trillion ($2.8 trillion) or more in October, a dizzying figure that would vault SpaceX to make the AI lab’s debut the largest ever initial public offering.Half a dozen of the company’s backers told the FT that Anthropic’s rapidly rising revenue would enable it to more than double its current valuation in a planned autumn float.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Anthropic investors bet on $2.8trn valuation in record IPO
Half a dozen of the company’s backers said rapidly rising revenue would enable it to more than double its current valuation in a planned October float.
TL;DRAI
Anthropic secures $2.8 trillion October IPO valuation—double current value, largest ever—on back of accelerating revenue. Signals foundation model market consolidation toward Tier-1: shapes CTO vendor selection, AI budget allocation, and competitive intensity.
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