Anthropic Files for IPO with $965 Billion Valuation, $47 Billion Revenue Run Rate

According to CNBC, Anthropic filed its confidential IPO prospectus with the SEC on Monday (June 1) with a $965 billion valuation and a $47 billion revenue run rate reported towards the end of May.

Analysts noted that the company's gross margin—the percentage of revenue remaining after paying the high costs of AI services—will be the key metric to validate or challenge the valuations priced by private markets over the past three years. Anthropic's filing is expected to significantly influence valuations of competitors including Google, Meta, OpenAI, and SpaceX.