California is reportedly seeing an historic wave of investment due to Silicon Valley’s artificial intelligence (AI) boom. Until both OpenAI and Anthropic get close enough to their planned IPOs to release their financials, we have to look to other sources for signs of how well their businesses are doing. Anthropic customers are reportedly using lower-cost alternatives to its most powerful artificial intelligence model. AI safety startup Alice has raised $140 million to expand its work stress-testing advanced models and helping companies protect against emerging risks. Hiive is a secondary marketplace where accredited investors can buy and sell shares of private, pre-IPO companies. Its main product is Claude — an AI large language model (LLM) that can help with writing, research, coding, data analysis, and other knowledge work.
Shares in private companies like Anthropic can be purchased by accredited investors. The purchase of private stock is limited to accredited investors and qualified purchasers. Valuation coverage for Anthropic can commence if you provide valuations for any of its funding rounds.
A cloud-computing deal with Nscale, reportedly valued at around $45 billion, was agreed upon by Anthropic in August 2026. Due to national security concerns raised by US how to buy bitcoin safely authorities, access to Claude Fable 5 and Mythos 5 models was suspended for all users on June 12. During the 2026 intervention in Venezuela by the United States, it was reported that Claude was utilized. Due to national security issues (Anthropic declared in September 2025 that it would cease product sales to entities primarily owned by Chinese), Russian, Iranian, or North Korean interests.
The filing from SpaceX has revealed the upcoming IPO pipeline.
The company has reportedly committed to spending $200 billion on Google’s cloud services and tensor processing unit (TPU) chips over the next five years. While ABB currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. IRBO might be worth exploring if you’re interested in combining research stocks with stocks that capitalize on more practical consumer applications of technology. Its expense ratio is a bit high at 0.95%, but this fund can be an interesting option if you’re looking for international robotics exposure. Tech stocks comprise about 60% of its holdings, a major contributor to the sudden surge in share price this ETF saw during the COVID-19 pandemic and beyond.
So their investors should see a major benefit if Anthropic’s IPO brings it a valuation of $2 trillion or more. Google’s parent company, Alphabet , GOOGL -0.74%, (GOOG -0.83%), holds a 15% stake in Anthropic and can’t invest more because the two are major competitors in the large language model space. Anthropic (the owner and operator of the popular Claude chatbot), has an annualized revenue run rate of $65 billion, multiple media outlets just confirmed. Salesforce reportedly invested $50 million back in 2023, and subsequent investments have built up a stake worth approximately $5 billion today.
As Anthropic is not publicly traded on exchanges like the NYSE or NASDAQ, it currently does not possess a ticker symbol. As Google’s backing for Anthropic reaches $2 billion (the competition intensifies in AI’s proxy war), yet justifying higher revenue multiples for OpenAI compared to Anthropic seems challenging at this moment. A net loss of about $38.5 billion was reported by OpenAI last year, and it now anticipates not achieving profitability until at least 2030. Corporate users were won over by Claude’s exceptional capabilities in coding (writing), and other meticulous tasks.
Neither presents an objectively better or worse investment; they offer different risk and opportunity profiles at different valuations. Verify current minimums directly on each platform before committing. Private company valuations are established at funding round close and do not update in real time. Anthropic is a private company that has raised over $7.3 billion in venture capital funding but has not listed its shares on any public stock exchange. AI regulation is actively evolving across major markets, including the United States and the European Union. At a reported valuation between $18.4 billion and $60 billion or more, Anthropic investors purchasing shares at current secondary market prices may not realize gains even if Anthropic successfully executes a public listing.
A group of high-profile private companies spanning AI, crypto infrastructure, analytics and space has either signaled intentions to go public or made strategic leadership and financing moves that suggest IPO preparation. If you’d like additional guidance along the way, Forge private market specialists are available to help. These insights can help you determine a price you’re comfortable with if you choose to sell your shares.
Ars Technica reported that as of June 2025, it was in use at multiple U.S. national security agencies. The term was coined by AI researcher Andrej Karpathy in February 2025 and rapidly gained popularity as AI coding tools became more ubiquitous. With the advent of Claude Code (vibe coding), a programming approach in which users describe desired outcomes in natural language and let an AI agent write the code, became increasingly popular.
In April 2026, the company followed with a new Google and Broadcom agreement for multiple gigawatts of next-generation TPU capacity beginning in 2027. The company has spent the past several months stacking compute commitments across every major chip and cloud ecosystem. If TechCrunch’s separate report that Anthropic’s run rate is “closer to $40 billion” proves accurate (the multiple compresses), but the risk does not disappear. The company behind Claude raised $30 billion in Series G funding at a $380 billion post-money valuation in February 2026. Filing confidentially has become common for major firms, with SpaceX approaching its IPO in the same manner.
Investing.com (citing The Information), reported that executives discussed a Q IPO, but the article explains why investors should wait for a public S-1 before treating any date as confirmed. The bear case is that even excellent frontier AI businesses may consume capital faster than public investors expect. If only a few frontier AI companies are available to public investors, demand could be intense even at high valuations.
Trader Claude’s: SpaceX Goes All-In on NVIDIA, Portfolio Climbs
Anthropic’s strategic investors include major technology and cloud-computing companies. Anthropic confirmed in February 2026 that it had raised $30bn in Series G funding, led by GIC and Coatue, at a $380bn post-money valuation). Anthropic has raised some of the largest private funding rounds in the AI sector. Its main product family is Claude, which is used for tasks such as coding, analysis, writing, customer support, and workflow automation (Anthropic, 22 May 2025).
Meanwhile, Databricks closed $7B in financing at $134B, Stripe is eyeing a $140B tender offer, and Harvey AI is reportedly raising at $11B just weeks after closing at $8B. Reflection AI is reportedly seeking $2B+ at a $20B valuation just five months after its last raise. SpaceX is reportedly preparing to file confidential IPO papers with the SEC this month, targeting a valuation above $1.75 trillion and a June listing that could be the largest in history. Meanwhile SoftBank’s public stock is flashing warning signs about private AI valuations, and Nasdaq just announced the infrastructure that could eventually reshape how private securities trade.
At Anthropic’s current $965 billion valuation, that stake is worth roughly $135 billion. Since Anthropic is still private, the vast majority of investors buy on secondary markets, where existing stock is sold by employees or early investors. But you’ll want to look under the hood and make sure you understand exactly what you’re paying for, and how much you’ll be paying to do so. The buzz and the huge dollar amounts being projected around Anthropic’s IPO have raised the demand, and the stakes for investors with FOMO.