Anthropic Hits $1 Trillion Valuation in Secondary Markets
Secondary-market pricing and onchain pre-IPO instruments indicate Anthropic is trading at an implied valuation of about $1 trillion. That would put the company roughly $150 billion above the $850 billion valuation OpenAI fetched in a recent funding round.
The onchain pre-IPO instruments were described as backed 1:1 by SPV exposure on Jupiter and as a real-time proxy for Anthropic's implied IPO valuation. Based on that measure, Anthropic's implied valuation is up 733% since October 2025 and would make it the third company to exceed a $1 trillion implied valuation, alongside OpenAI and SpaceX.
From the sources (2 posts)
@kobeissiletterBREAKING: Anthropic's pre-IPO valuation has officially hit a record $1 trillion. Anthropic's implied valuation is now up +733% since October 2025, per onchain pre-IPO trading data. Pre-IPO instruments trading onchain, backed 1:1 by SPV ex
@exec_sumAnthropic shares are now selling at a $1T valuation in secondary markets That's ~$150B higher than OpenAI's $850B valuation that it fetched in a recent funding round