Anthropic targets valuation of up to two trillion US dollars in IPO

With a targeted valuation of two trillion US dollars, Anthropic would be placed in this list immediately behind TSMC and surpass SpaceX, which according to the ranking comes in at 1.82 trillion US dollars, as well as Broadcom (1.70 trillion US dollars) and Saudi Aramco (1.69 trillion US dollars). The scale underscores investor expectations regarding the future role of AI technology in the economy.

The concrete timetable for the IPO is not yet finalized. According to the available information, a listing in September or October 2026 is planned. Industry observers interpret the timing as an indication that Anthropic intends to make the leap to the public markets in the current fiscal year.

Schedule for September or October

A valuation of two trillion US dollars would be extraordinary for a company that is still in an early phase of its stock market history. It reflects the current attention that generative AI models enjoy on the capital markets, as well as the competition for market leadership in this segment.

Analysts point out that a company's valuation at IPO typically reflects investors' long-term growth expectations. The two trillion US dollars mentioned would require Anthropic to significantly increase its revenues in the coming years and to hold significant market shares in the area of AI services and models.

In addition to the size of the valuation, the size of the offering itself will also be of interest to market observers. Typically, the share of issued shares in US listings is between ten and 20 percent, so a gross proceeds figure in the triple-digit billions appears possible, provided the valuation is actually achieved.

Context: AI boom on the capital markets

Preparations for the IPO come at a time when investors are increasingly betting on AI themes. The high demand for computing power and AI applications has recently boosted NVIDIA's share price and benefited other companies in the sector, including Microsoft and Amazon, from investments in AI infrastructure.

The development is also being watched closely at universities. Researchers at New York University and other institutions are studying how AI models affect productivity, the labor market, and energy consumption. The valuation of a single company like Anthropic is representative of the economic significance of the entire sector.

If the IPO takes place as planned, Anthropic would be one of the largest companies ever to be taken public. Placement in the top tier of the most valuable corporations would reflect a structural shift on the capital markets, in which AI technology is increasingly viewed as a central growth industry.

The exact date and the final price of the shares will depend on the market environment. Should interest rate expectations in the US and sentiment on the technology exchanges remain stable, observers consider the targeted September or October window to be realistic.

Overall, the potential valuation makes clear just how much the weights on the global stock markets have shifted. While only a few years ago it was primarily established industrial and energy corporations at the top, AI and technology companies are now increasingly moving into this category.