Anthropic targets $2 billion and an IPO this fall

Anthropic is preparing for a potential IPO as early as September or October, aiming to raise up to $100 billion with a targeted valuation of around $2 trillion. According to the Wall Street Journal, the company plans to present investors with an addressable market estimate exceeding $30 trillion, taking into account all tasks that can be performed by AI models. The company reports that its revenue doubled in the second quarter to reach $11.6 billion, and it anticipates revenues between $190 billion and $200 billion by 2028.

Anthropic targets $2 trillion and up to $100 billion raised

In the second quarter, Anthropic doubled its revenue, reaching $11.6 billion. The company aims to achieve between $190 billion and $200 billion in revenue by 2028. Financially, the firm is targeting a valuation close to $2 trillion and plans to raise up to $100 billion. An IPO could take place in September or October.

A TAM of over $30 trillion presented to investors

Before its IPO, Anthropic wants to convince investors of a theoretical market opportunity of over $30 trillion. According to the Wall Street Journal, the company is expected to assess its total addressable market at this level. This estimate includes all the work that AI models could accomplish.

Context: SpaceX at $28.5 trillion and $2.4 trillion for S&P tech

This positioning would place Anthropic ahead of SpaceX, which claimed in May a TAM of $28.5 trillion and referred to it as "the largest addressable market in human history." To provide some context, FactSet reports that the 191 technology companies in the S&P 1500 collectively generated $2.4 trillion in revenue last year. The TAM refers to the amount of annual revenue a company could achieve if it captured the entire market.