Anthropic’s Pre-IPO Valuation Hits $1 Trillion on Jupiter

Artificial intelligence company Anthropic has achieved an implied pre-IPO valuation of over $1 trillion on Jupiter's Prestocks market, making it the third private firm to reach this milestone. This valuation is consistent with figures from Forge Global, another private marketplace, which also places Anthropic at approximately $1 trillion. Hiive, an accredited secondary venue, priced Anthropic shares at $849, implying an $851 billion market cap, which is within 18% of Jupiter's onchain reading. This convergence of onchain and secondary market pricing highlights real-time valuation discovery for private companies. Anthropic's valuation has surged significantly since October 2025, joining OpenAI and SpaceX in the trillion-dollar pre-IPO club. The company recently closed its Series G round in February at a $380 billion post-money valuation, raising $30 billion. Anthropic reported a run-rate revenue of $14 billion, with annual growth exceeding 10x over the past three years. Google plans to invest up to $40 billion, with an initial $10 billion at the current valuation. The article also notes the increasing competition among tech firms for IPOs, with SpaceX having submitted a confidential IPO filing.

(Source：BeInCrypto)