An early backer of Anthropic has projected the company’s initial public offering (IPO) valuation could reach between $2.3 trillion and $2.4 trillion, surpassing SpaceX’s market cap. The investor expects the IPO shares to be priced around $1.8 trillion, with a significant trading value increase once the stock begins trading. This forecast positions Anthropic’s IPO as potentially the largest ever, exceeding SpaceX’s $2.1 trillion opening day valuation, according to fortune.com.
The investor, who spoke anonymously to fortune.com, cited Anthropic’s enterprise-focused approach and success with its Claude foundation model as key reasons for the high valuation prediction. They noted that the company is seen as a leading name in foundation models, which underpins the confidence in its market worth. The investor emphasized that the anticipated trading value reflects Anthropic’s intrinsic value rather than a temporary post-IPO surge.
This valuation outlook highlights the growing investor confidence in AI foundation model companies, marking a shift from consumer-oriented AI to enterprise applications. Anthropic’s expected IPO valuation would set a new benchmark in the tech sector, outpacing other major private companies like SpaceX. The scale of this valuation underscores the increasing financial stakes in AI development and the importance of foundational AI technologies in the current market landscape.
Anthropic’s S-1 filing, which is highly anticipated by the market, is expected to provide further details on the company’s financials and IPO plans. The company’s debut on the public markets could redefine valuation records, with the initial pricing and subsequent trading performance closely watched by investors and industry participants alike.