How Aggressive Is Anthropic's IPO Valuation? Wall Street Bets: Revenue to Surge to $200 Billion by 2028

Anthropic is preparing for its IPO, with Wall Street anchoring its valuation on projected 2028 revenue of approximately $200 billion rather than current performance. The company's annualized revenue growth is rapid, but massive AI investments keep profitability distant. The market is benchmarking against high-growth companies like Palantir and SpaceX, betting on its ability to achieve scale effects and convert them into profits—yet whether this high-valuation logic can hold remains subject to market scrutiny.