SITUATION EXPLAINED: Can Anthropic actually be worth $2 trillion? • Six backers told the FT they expect an October float at $2 trillion or more, topping SpaceX as the largest IPO ever • The case rests on the revenue curve, $47 billion annualized in May, with investors projecting $100 to $120 billion by December • There's no listed US peer, so they're anchoring to Palantir and Nebius at 55x revenue. Big tech trades around 10x, Nvidia at 20x • At the 30x one investor called the low end, Anthropic is worth $3 trillion. At 55x it's $5.5 trillion, roughly Nvidia's market cap @theojaffee: "Senior Anthropic executives are all really AGI-pilled. They kind of believe that they're going to do the singularity, and then what will their company be worth? It'll be worth a lot of money."