Anthropic’s $1T Valuation? Jupiter’s Market is a Joke!

by

Anthropic’s implied pre-IPO valuation crossed $1 trillion on Jupiter’s Prestocks market, making the artificial intelligence (AI) company the third private firm to reach that mark.

The onchain pricing aligns with Forge Global, a private marketplace exchange, which also places the valuation at that level. Because nothing says “serious business” like a gas giant’s stock market.

Onchain and Secondary Markets Converge on Anthropic’s Valuation

According to a post from The Kobeissi Letter, Anthropic’s implied valuation has jumped 733% since October 2025. The AI firm joins OpenAI and SpaceX in the pre-IPO trillion-dollar club, a group whose combined implied market cap now stands at $3.7 trillion. Because apparently, space, AI, and crypto are the only industries that matter.

Forge Global, a leading private marketplace exchange, confirmed similar demand. CEO Kelly Rodriques told Business Insider that Anthropic’s valuation on the platform was around $1 trillion. By comparison, Forge pegged OpenAI at roughly $880 billion. Because if you’re going to inflate numbers, why stop at one?

Hiive, another accredited secondary venue, priced Anthropic shares at $849 per share, implying an $851 billion market cap. That figure sits within 18% of Jupiter’s onchain reading. Because 18% is just a friendly suggestion.

“A Solana DEX and a regulated US secondary market for accredited investors are pricing the same private company within 18% of each other. Pre-IPO discovery used to be a quarterly tender pegged to a 409A. It is now a real-time book,” Podcast host Aakash Gupta said. Because who needs sleep when you can trade in real-time?

Follow us on X to get the latest news as it happens – because nothing says “urgent” like a tweet from a company that’s already worth more than the entire GDP of a small country.

Anthropic closed its Series G round in February, valuing the firm at a $380 billion post-money. It raised $30 billion in the round led by GIC and Coatue. Because if you’re going to sell a company, do it at a price that makes your accountant cry.

“It has been less than three years since Anthropic earned its first dollar in revenue. Today, our run-rate revenue is $14 billion, with this figure growing over 10x annually in each of those past three years,” the team said. Because nothing says “sustainable growth” like a 10x increase every year.

Google also plans to invest up to $40 billion in the AI firm, starting with $10 billion at the same valuation, with the remaining $30 billion tied to performance milestones. Because who needs accountability when you can just throw money at a problem?

“Anthropic has fielded multiple offers from VCs valuing the startup behind Claude at as much as $800 billion in recent weeks, more than double its current valuation, according to multiple people familiar with the matter,” Business Insider reported. Because if you’re going to lie, at least do it with flair.

Meanwhile, the listing race is heating up. In early April, SpaceX submitted a confidential draft Initial Public Offering (IPO) registration to the SEC, on track for a June listing. Because nothing says “excitement” like a company that’s already worth more than the entire US stock market.

Prediction market Kalshi puts the odds of an Anthropic IPO this year at 59%. Whichever firm lists first will set the comparison for the others. Because nothing says “confidence” like a 59% chance.

Read More

2026-04-28 09:17