Tech Brew Ride Home · Thursday, August 13, 2026
Entropic investors are reportedly discussing a potential initial public offering (IPO) in October with a valuation exceeding $2 trillion. This valuation, if realized, would make it the largest IPO in history, surpassing SpaceX. Entropic's backers cite rapidly increasing revenue and demand for its advanced AI models as justification for these lofty expectations, projecting annualized revenue between $100 billion and $120 billion by the end of 2026.
“Entropic investors expect the AI startup to float at a valuation of $2 trillion or more in October, a dizzying figure that would eclipse SpaceX and make the AI Lab's debut the largest ever initial public offering.”
“Half a dozen of the company's backers told the FT that Entropic's rapidly rising revenue would enable it to more than double its valuation in a planned autumn float.”
“Investors expect the cloud makers' annualized revenue to be between $100 billion and $120 billion by the end of 2026, using the company's planned revenue run rate, which extrapolates annual revenue from recent performance, up by more than 10 times over the course of 2026.”