Anthropic IPO Valuation Slashed — Revenue Miss Hits AI Sentiment
Anthropic's expected IPO valuation has dropped from ~$2T to $1.5T after a Q3 revenue miss, with near-zero growth in August and September rattling the AI investment thesis.
What we know
Reuters reported that investors at Anthropic's San Francisco investor day are now discussing a $1.5T November IPO valuation, down from ~$2T. Zerohedge added further color: Q3 revenue came in at $16.8B annualized vs a $5.4B/month implied run-rate from July, implying near-zero growth in Aug–Sept. Pre-IPO perpetual futures on Liquid are still trading above $1.9T implied. An account on X noted the lower valuation doesn't change Anthropic's compute needs. One investor argued the company is worth closer to $1T, not $1.5–2T. Separately, another account on X speculated that labs believe their most capable model is the moat itself.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.