Anthropic seen at $2tn valuation on IPO; three AI giants could top $5tn combined
FinanceYF5 · x · 2026-09-26
- Per FT, Anthropic's investors expect a $2tn valuation when it goes public in the coming weeks; SpaceX began trading at $2tn after its June IPO; OpenAI is considering raising privately at $1.2tn ahead of a listing next year. These three alone could be worth well north of $5tn.
- For context: the 3,365 tech companies that IPO'd from 1980 to 2025 were worth a combined $4.1tn at listing.
- The author flags systemic risk: a weak OpenAI or Anthropic IPO would hit cloud revenue, chip orders, investment marks and Big Tech profits simultaneously, potentially rippling into the broader US and global economy. The key metric to watch: whether revenue growth keeps pace with spending growth.
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