Now Reading: Anthropic weighs 2028 revenue of up to $200 billion for IPO
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Anthropic weighs 2028 revenue of up to $200 billion for IPO
Anthropic is assessing a potential blockbuster IPO using revenue projections of $190 billion to $200 billion for 2028, Reuters reported through The Times of India and Mint. That compares with a $47…
The Story in Brief
Anthropic is assessing a potential blockbuster IPO using revenue projections of $190 billion to $200 billion for 2028, Reuters reported through The Times of India and Mint. That compares with a $47 billion annualised revenue run rate disclosed in May. Investors are studying Palantir, Cloudflare and SpaceX as valuation benchmarks. Palantir trades at 53 times expected 2026 revenue, while Cloudflare and SpaceX trade at 41.6 times, according to LSEG data.
Anthropic is spending heavily on GPUs, model training, computing capacity and hiring. Reports differ on its latest quarter, putting revenue at more than $10.9 billion or $11.5 billion, with positive operating income. The company may seek a listing as soon as this autumn, according to BusinessLine, while OpenAI’s annualised revenue has crossed $40 billion.
The Indian Opinion
The easy story is that a huge AI revenue forecast proves a huge valuation. It does not. Investors are pricing a business still spending heavily, using projections two years ahead and comparing it with companies that have different models. The opposite claim, that current costs make the growth worthless, is just as lazy. The real test is whether Anthropic can turn rising sales into durable margins without losing customers to OpenAI or cheaper rivals. Its 2028 revenue and profit will settle the argument.
Sources (3): timesofindia.indiatimes.com, thehindubusinessline.com, livemint.com
This story was synthesised by AI from the 3 sources linked above.
