Anthropic Could Reportedly Target $2 Trillion Valuation in October IPO—Jim Cramer Dismisses 'Out of Hand'

Anthropic is on the brink of a market debut, with a reportedly predicted valuation of $2 trillion or more in its forthcoming October IPO.

Supporters of Anthropic say strong demand for its advanced AI models and tools warrants the lofty expectations, forecasting that the company’s annual revenue could reach $100 billion to $120 billion by the end of 2026, more than a tenfold increase over the year, reported the Financial Times on Thursday.

Notably, IDC estimates Anthropic generates $40 billion–$50 billion in annualized revenue, with consumer subscriptions contributing less than $2 billion.

Investors said Anthropic executives had not yet finalized an IPO valuation target, prompting some investors to develop their own financial models, according to the report.

The backers of the Claude maker believe that the five-year-old company’s surging revenue could potentially double its valuation in its planned autumn IPO, it said.