Anthropic reportedly preparing to pitch IPO investors on a market opportunity exceeding $30 trillion
According to a Wall Street Journal report, Anthropic — preparing for an initial public offering (IPO) — is expected to tell prospective investors that it sees a total addressable market (TAM) exceeding $30 trillion, alongside plans to raise as much as $100 billion at a target valuation of about $2 trillion. Anthropic's estimate is based on the full scope of work AI models could theoretically perform across industries, a far broader definition than just AI software or chatbots; the figure tops the $28.5 trillion TAM SpaceX presented in its May prospectus (of which $26.5 trillion was AI-related). Anthropic's own revenue more than doubled year-over-year to $11.6 billion in the second quarter, and the company is projecting 2028 revenue of roughly $190 billion to $200 billion, a figure tied to its IPO valuation target. Anthropic is expected to publish its IPO prospectus within weeks, with a market debut possible as early as September or early October; as of this report, the company has not confirmed these figures in an official filing.
Verification note: Summarized from a Wall Street Journal report as relayed by Fortune, PYMNTS, and other outlets. Refer to Anthropic's official IPO prospectus for confirmed financial figures and timeline. This site does not offer investment advice.