Anthropic’s implied valuation has reached $1 trillion based on pre-IPO instruments trading on decentralized platform Jupiter, making it the third company to hit this milestone. The valuation has surged 733% since October 2025, fueled by massive investments from tech giants like Alphabet and Amazon. According to prediction marketplace Kalshi, there is a 68% chance of an Anthropic IPO by January 1, 2027.
The pre-IPO valuation for AI firm Anthropic has hit a record $1 trillion, becoming the third company to exceed that mark. This milestone is based on pre-IPO instruments changing hands on decentralized trading platform Jupiter that are backed by special-purpose-vehicle exposure to Anthropic.
Prediction marketplace Kalshi shows 68% odds of an Anthropic IPO by January 1, 2027. The implied valuation has surged 733% since October 2025 amid a booming AI sector.
Google parent Alphabet announced plans to invest $10 billion more in Anthropic and possibly up to $40 billion more. Amazon also recently announced a $25 billion investment in the AI startup, which included commitments from Anthropic to spend $100 billion on cloud computing services over a decade.
Amazon and Anthropic have worked together since 2023, launching Project Rainier and expanding Claude as a top AI tool. Anthropic is committing more than $100 billion over the next ten years to Amazon’s AWS technologies, securing up to 5GW of new capacity.
“Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand,” said Andy Jassy, CEO of Amazon. “Anthropic’s commitment to run its large language models on AWS Trainium for the next decade reflects the progress we’ve made together on custom silicon.”
The $1 trillion figure does not represent Anthropic’s official valuation. The Claude maker was said to have received offers for a new funding round that could value it at about $800 billion or higher, more than double its $350 billion pre-money valuation from February.
