Anthropic Surpasses OpenAI with $1 Trillion

Anthropic Reaches Historic Valuation

The company Anthropic has recently achieved an impressive valuation of $1 trillion on Forge Global, a leading private market. This valuation now surpasses that of OpenAI, which was estimated at $852 billion earlier this year. According to Kelly Rodriques, CEO of Forge Global, this valuation of Anthropic is a sign of the growing interest in the company.

Anthropic shareholders are receiving multiple offers daily to sell their shares. Desperate buyers are rushing to secure a limited offer of secondary shares from Anthropic, driving the company's valuation to $1 trillion on certain platforms, a price that would have seemed unimaginable just a few weeks ago.

OpenAI on the Decline

In contrast, traders surveyed by Business Insider are noticing a decrease in demand for OpenAI, which is now trading at a lower price than Anthropic, despite OpenAI's valuation being $852 billion, more than double that of Anthropic during their last fundraising rounds. OpenAI's valuation on Forge Global is $880 billion, a slight increase from its funding round in March.

Feverish Demand for Anthropic Shares

An Anthropic shareholder recently proposed selling shares at a valuation of $1.15 trillion, according to Ken Sawyer, co-founder and managing partner of Saints Capital, a secondary venture capital firm. A "well-known growth fund" has offered to buy shares of Anthropic at a valuation of $1.05 trillion, Jesse Leimgruber, founder of OpenHome, stated on X this week. "Absolutely crazy," he said.

Just three months ago, Anthropic closed a funding round led by GIC and Coatue, valuing the company at $380 billion. Since then, a feverish demand has swept through Silicon Valley for Anthropic shares, with investors impressed by its rapid revenue growth and the momentum surrounding its AI-powered coding assistant, Claude code.

"It's an epic race for Anthropic," said Glen Anderson, CEO of Rainmaker Securities, a boutique investment bank specializing in private securities transactions. "Everyone wants to be part of a generational opportunity in AI, and right now, Anthropic is in the pole position."

The company has received several venture capital offers valuing it up to $800 billion in recent weeks, Business Insider reported last week. Anderson recently received an offer to buy shares of Anthropic at a valuation of $960 billion, a price he says was unthinkable just a few weeks ago. But even before he could evaluate the offer, he expects it to be snatched up by someone else.

"We receive an offer, and within the day, someone else has already bought it," he said. "There are almost no sellers."

Those fortunate enough to own shares of Anthropic claim they receive multiple offers daily to sell. "We get daily offers, ranging from ridiculous to sublime," said Bradley Horowitz, general partner at Wisdom Ventures, who has been an early investor in both Anthropic and OpenAI. "I hardly ever open those emails because we're not interested. We're playing a long game."

Much of the demand is driven by fear of missing out (FOMO) rather than market fundamentals, with venture capital and family office investors feeling they must own shares of Anthropic at any price, according to Anderson.

"It's almost less about the return than being able to say they are investors in Anthropic," he said. "That drives the price up."

Meanwhile, Anderson has seen little demand for OpenAI shares this year, with offers below its last round of $852 billion. "OpenAI has been a very lukewarm market," he said. "The sentiment has certainly shifted towards Anthropic."