-
SpaceX filed confidentially in April 2026, targeting a ~2ドル trillion valuation.
-
OpenAI has been preparing its own S-1 and is expected to file in the coming weeks.
-
Anthropic now enters the queue with a 965ドル billion private valuation.
What the IPO Means for Developers
-
Sustained investment in Claude Code and Cowork — The S-1 filing and Series H both explicitly cite product scaling.
-
Mythos-class model liberation — A general release before the IPO would strengthen the narrative.
-
Infrastructure buildout — 15ドル billion in hyperscaler commitments signals investment ahead of demand.
-
Transparency obligations — Quarterly earnings will shed light on margins and competitive dynamics.
The Trillion-Dollar Question
At 47ドル billion revenue run-rate, a 20x multiple would yield 940ドル billion — close to the Series H valuation. A trillion-dollar valuation requires roughly a 21x multiple on current revenue. What could push Anthropic higher is the Mythos factor — if Mythos-class models unlock entirely new markets (cybersecurity, legal, healthcare), the growth narrative becomes considerably more compelling.
This is a developing story. We'll follow the S-1 public filing, roadshow updates, and pricing as they happen.