In August 2026, the world of technological innovation is on edge regarding the potential IPO of Anthropic, the developer of one of the most in-demand artificial intelligence models, Claude. According to the Financial Times, several key investors expect the company to go public as early as October 2026 with a valuation of $2 trillion or more. If the forecast comes true, this will become the largest public stock offering in history, surpassing even the record set by SpaceX earlier.

From $965 billion to $2 trillion: rapid valuation growth

As recently as May 2026, Anthropic was valued at $965 billion after completing its Series H round, during which the company raised $65 billion in investment. Since then, its market value, according to analysts, has more than doubled. The company has already confidentially filed IPO documents with the U.S. Securities and Exchange Commission (SEC), although it has not yet announced official dates for going public. Nevertheless, rumors of a possible offering in October are gaining momentum, especially against the backdrop of growing investor interest in the AI sector.

Financial math: profit versus expectations

However, behind the big numbers lies a serious question: can Anthropic justify a $2 trillion valuation? To match the average multiples of major technology companies, the company needs to demonstrate an annual net profit in the range of $59–79 billion. It is currently far from such figures. According to the Wall Street Journal, revenue in the second quarter of 2026 could reach $10.9 billion, and the company achieved operating profit for the first time. This is an important step forward, but still insufficient to justify a two-trillion-dollar valuation.

Contradictory data

There is disagreement regarding the realism of the forecasts. On one hand, investors such as Jim Cramer believe that Anthropic's revenue growth by the end of 2026 could reach $100–120 billion, which would make a $2 trillion valuation justified. On the other hand, critics point out that the company's current financial model has not yet reached the level of maturity required for such a valuation. Some analysts warn of a possible formation of a "bubble" in the AI sector if the market continues to ignore fundamental indicators.

What drives investors: future or speculation?

Investors seem ready to turn a blind eye to current mathematics in favor of future growth. They believe in Anthropic's potential as a leader in artificial intelligence, especially given the success of the Claude model and its integration into various business processes. If the market agrees with this bet, the story of the two-trillion-dollar IPO will cease to look like science fiction — and will become a new benchmark for the entire AI sector. However, if expectations are not met, this could mark the beginning of the end for the current bubble in the AI sphere.

Questions for the future: breakthrough or collapse?

What do you think, will this be a breakthrough in AI or the beginning of the end for the bubble? The answer to this question depends on whether Anthropic can meet investor expectations and demonstrate sustainable growth in the coming months. If the company can show stable profitability and expand its market presence, the IPO will be a triumph. Otherwise, it could become a lesson for everyone who believed in the limitless possibilities of AI startups.