Anthropic needs to bring in Amazon-style earnings to justify its $2 trillion valuation—but it’s barely turned a profit

Anthropic investors have been kicking the tires on what could be the most valuable initial public offering in history. A handful of the frontier lab’s backers confirmed to the Financial Times this week that they expect privately held Anthropic to go public in October with a targeted valuation of $2 trillion or higher, which easily eclipses SpaceX’s record-breaking $1.77 trillion IPO in June.

That valuation would more than double the $965 billion the company was worth when it reported a Series H funding round in May. Bloomberg, meanwhile, has reported that Anthropic is also in talks to buy the startup Decart AI for $6 billion. Anthropic filed for an IPO confidentially with the Securities and Exchange Commission in June, but has not publicly set a timeline. Rival frontier lab OpenAI followed suit shortly after Anthropic, but is not expected to IPO Read Entire Article