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theverge ai · October 29, 2026

Anthropic's $1.5T-$2T valuation hinges on AGI bets

anthropic files s-1 for ipo with $1.5 trillion to $2 trillion valuation, aims to lead in frontier ai, raising questions about its financials and the broader ai economy.

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anthropic has filed its s-1 for an ipo on nasdaq with a valuation of $1.5 trillion to $2 trillion, potentially making it one of the most valuable companies globally. the s-1 document reveals details about anthropic's finances and its ambitious assumptions about the future of ai. analyst joey brookhart from semianalysis notes that anthropic has efficiently scaled to an amazing level with $70 billion-plus of arr in a short amount of time. the company's financials show strong gross margins, compute margins, and free cash flow.

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