Anthropic’s most recent priced valuation stands at $965 billion following its $65 billion Series H round in May 2026, with secondary markets recently implying levels between $1.2 trillion and $1.36 trillion amid continued enterprise adoption of Claude models. Revenue run-rate reached approximately $65 billion annualized by late July, reflecting more than 1,000 customers spending over $1 million annually and gross margins above 80 percent in recent quarters. The company confidentially filed for an IPO in June, with bankers targeting roughly $2 trillion at a potential Nasdaq listing possibly after the November midterms, supported by projections of $190–200 billion revenue by 2028. With only 18 days remaining until October 31, near-term sentiment hinges on any incremental secondary trading activity or pre-IPO updates rather than a new primary round or official IPO pricing.