Apparently SpaceX won't hold onto the title of priciest public listing for long. According to the Financial Times, Anthropic's investors are eyeing an unprecedented $2 trillion valuation ahead of the company's expected October IPO.
The number sounds absurd, but the company's underlying metrics are just as striking.
Explosive revenue growth. Annual revenue is expected to hit $100–120 billion by year-end — more than a tenfold jump from where it stood at the start of 2026.
Its biggest acquisition yet. Per Bloomberg, Anthropic is in talks to buy AI startup Decart for roughly $6 billion.
Gearing up for the listing. SEC filings went in back in June. There's no officially locked-in target valuation yet, but leadership is actively prepping for a massive market debut.
It's wild how fast the context has shifted. Not long ago tech companies were shelving IPO plans altogether — now a once-dormant IPO market is churning out trillion-dollar debuts.
The infographic lays out the pecking order clearly: Anthropic's expected valuation ($2 trillion) would leapfrog the current leaders — SpaceX ($1.77 trillion) and Saudi Aramco ($1.7 trillion).