Reuters reports that Anthropic's IPO valuation is built on a projection of $190 billion to $200 billion in revenue by 2028, according to two people familiar with the company's finances. As recently as May, Anthropic was publicly citing an annual revenue run rate of $47 billion.
CFO Krishna Rao is running the early investor meetings, CNBC reports, and they've stayed high-level so far, with no specific financials on the table. For scale: SpaceX went public in June at a $1.77 trillion valuation.