Anthropic $65B Revenue Run Rate Targeting $2T IPO in October, Largest in History

• Anthropic IPO plans are gaining attention as the company’s annual revenue run rate crosses $65B ahead of a potential October listing
• Anthropic’s revenue run rate has jumped from around $9B at the end of 2025 to $65B in July, highlighting its rapid AI growth
• A potential $2T valuation could make the Anthropic IPO one of the largest public listings ever, potentially surpassing SpaceX

Anthropic has crossed a major revenue milestone and is now inching close to an ordeal that could be one of the biggest financial events in history. The firm is planning to go public in one of the grandest ways through a planned Anthropic IPO, which has the potential to turn into one of the biggest public listings ever. Anthropic’s annual revenue run rate has topped $65B by the end of July. It was $47B in May and around $9B at the end of 2025. At the same time, investors are also evaluating these numbers to predict an Anthropic IPO, which may put the firm next in line or surpass the heavyweights like SpaceX.

Anthropic’s Dramatic Revenue Growth

Anthropic IPO euphoria is currently the latest talk of the market. The latest $65B revenue run rate is showing how quickly the Anthropic has expanded its business. This figure is an annualised projection based on its recent sales. It does not mean Anthropic has already generated $65B in revenue. Reuters later shared how Anthropic’s run rate has climbed dramatically. It hit $65B in July, up from $9B at the end of 2025

The majority of this growth can be attributed to the sale of Anthropic Claude’s AI products. Businesses are increasing their demand for AI tools for better execution, making it a key element for Anthropic to bank on.

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Why Does the $2T IPO Target Matter?

The potential $2T Anthropic IPO valuation is heavily based on expectations regarding the firm’s serious future growth. Returns shared that the company is projecting $190B to $200B in revenue for 2028, giving investors a glimpse of how it intends to diversify its business. This figure also enables investors a much larger future revenue base to work with when assessing a company value.

The approach directly reflects the rising demand of AI and how firms who established themselves first in the sector end up taking the trophy home. Anthropic is spending heavily on computing capacity and model training. And talent to support its expansion. At the same time, investors are expecting that revenue and operating efficiency can help the company scale faster than ever.

Reuters later shared that if Anthropic IPO reaches a $2T valuation, it may be ranked among the largest IPOs ever. Anthropic may then surpass the SpaceX valuation upon debut, which has a target of $1.75 trillion for its IPO earlier this year.