Anthropic’s annualized run rate sat at roughly $9 billion at the end of 2026, based on its own reports<\/a>. By March 2026, that number had jumped to $30 billion\u2014a 233% increase in a single quarter, fueled largely by enterprise adoption of Claude Code and the company’s API products. Amazon’s recent commitment of up to $25 billion in additional investment<\/a> didn’t hurt the mood either.<\/p>\n This mix of good deals (and good PR) have increased the appetite for Anthropic shares. Caplight, which tracks private-market share activity, reported that interest in Anthropic has spiked over 650% in the last 12 months.<\/p>\n Besides revenue, the supply side is doing the heavy work pushing up these valuations. Anthropic employees and early investors have had very few chances to sell. When buyers pile in and almost nobody is selling, prices move fast. Glen Anderson of Rainmaker Securities told Business Insider that a $960 billion valuation\u2014which would have been “unthinkable” a month earlier\u2014was being snapped up within hours by competing buyers.<\/p>\n The OpenAI picture looks different. On Forge Global, OpenAI is trading at $880 billion\u2014just 3% above its $852 billion valuation from its early-2026 fundraising round. Caplight found that in Q1, Sam Altman\u2019s company reported more people interested in selling than buying it on secondary markets.<\/p>\n None of this means Anthropic is worth $1 trillion in any primary-market sense. Secondary trades are illiquid, minority positions with no board rights and no path to forced liquidity. The trillion-dollar figure reflects what a buyer will pay for a small stake, not what Anthropic could raise in a full funding round, and not necessarily what an IPO would be priced at.<\/p>\n![\"\"](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/04\/cadf7a8c3d5e073ad533de226ba2f84f.png\")
<\/p>\n <\/p>\n