Aug. 25 at 8:11 PM
Anthropic plans to tell potential IPO investors that its total addressable market exceeds
$30 trillion, surpassing SpaceX’s already record
$28.5 trillion estimate, according to The Wall Street Journal. Anthropic calculates the figure based on the total amount of work that could potentially be performed using AI models, making the estimate more than 12 times the combined 2025 revenue of the 191 technology companies in the S&P 1500.
The figure highlights how aggressively AI companies are expanding TAM definitions ahead of major IPOs. SpaceX attributed
$26.5 trillion of its
$28.5 trillion TAM to AI opportunities, a claim that drew skepticism from valuation experts.
Anthropic’s financial growth has accelerated sharply, with Q2 revenue more than doubling to
$11.6 billion and annualized revenue exceeding
$65 billion by late July. The company reportedly projects
$190–
$200 billion in revenue by 2028. It could seek to raise as much as
$100 billion at a valuation near
$2 trillion.
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