3 outlets·4 reports
Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO (Echo Wang/Reuters)

ThinkingNews Desk · how this was written
Anthropic is being valued at roughly $2 trillion ahead of its upcoming IPO, with the offering priced below the levels of other publicly traded AI companies. The company reported more than $11.5 billion in revenue for the most recent quarter, posted positive adjusted operating income, and cited a current revenue run rate of about $47 billion, while projecting 2028 revenue in the $190-$200 billion range.
Written from all 3 reports below, not from any single one.
How it was reported
- Ars Technica·Anthropic could be worth $2 trillion when it goes public
- The Next Web·Anthropic’s $2trn IPO is priced below what AI stocks already fetch
- TechMeme·Docs: Anthropic told investors it generated $11.5B+ in revenue, with positive adjusted operating income, in Q2, up from $787M in Q2 2025 and $4.73B in Q1 2026 (Bloomberg)
- TechMeme·Sources: Anthropic projects 2028 revenue of ~$190B-$200B, vs. a revenue run rate of $47B in May, as bankers and investors price the company ahead of an IPO (Echo Wang/Reuters)
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- Anthropic raises $30B in Series G funding at $380B post-money valuation4 outlets
- Anthropic raises $65 Billion, nears $1T valuation ahead of IPO3 outlets
- OpenAI is about to file for an IPO, and prediction markets think Anthropic just lost the race to go public first3 outlets
- Anthropic potential $900B+ valuation round could happen within two weeks3 outlets