AnalysisAnthropic towards IPO: two trillion are worth 42 times today's revenues and 10 times those of 2028
Anthropic filed its confidential prospectus with the SEC on 1° giugno 2026, and investor models are working on a 2.000 billion valuation. The internal forecast of 190-200 billion in revenues by 2028, revealed by Reuters, makes that price seem like a multiple of 10 times. On today's 47 billion annualized, however, it's 42,6 times: exactly what SpaceX and Cloudflare pay. The first operating profit is 559 million; sixty times that much would be needed.
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