Anthropic's valuation could exceed $2 trillion when it goes public

Anthropic is preparing to go public, and during the IPO the company's valuation could exceed $2 trillion.

Anthropic's revenue grew nearly twelvefold in 2025, reaching $4.6 billion. Over the same period, operating losses increased from $2.98 billion to $8.06 billion. The company spent $7.33 billion during the year on technologies and resources needed solely to run its AI models.

It's worth noting that in the coming years, Anthropic has payment obligations totaling up to $518 billion for cloud services and other technical resources. It will become clear how high a valuation Anthropic receives from investors once it goes public.

Source: Reuters