Prof G Markets · Saturday, October 24, 2026
OpenAI and Anthropic plan to go public at respective valuations of $1.4 trillion and $2 trillion, even though they are losing billions of dollars annually and rely on adjusted profitability metrics that exclude core training and revenue-sharing expenses.
“OpenAI and Anthropic plan to go public at $1.4 trillion and $2 trillion, respectively. That will make them the 7th and 11th most valuable companies in the world”
“At a $2 trillion valuation, Anthropic trades at nearly 30 times its revenue run rate. We can't price it against earnings because it doesn't have any.”