AI's Big Three Valued at $5T+, Exceeding 45 Years of Tech IPOs Combined
FinanceYF5 · x · 2026-09-26
A finance commentator lays out the AI valuation landscape: Anthropic is expected to go public at a $2 trillion valuation, SpaceX reached $2 trillion after listing, and OpenAI is considering raising at a $1.2 trillion valuation — over $5 trillion combined.
For comparison, the combined initial valuations of 3,365 tech IPOs between 1980 and 2025 total just $4.1 trillion, meaning the next few AI IPOs could dwarf the entire 45-year history of tech IPOs.
On usage: OpenAI claims over 1 billion active users and around 2 million businesses using its models, while Anthropic serves over 300,000 enterprise customers. The key question ahead: how much revenue each customer generates, and whether it can cover the cost of training, running, and maintaining the models.
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