After Anthropic filed to go public, bankers are reportedly floating a valuation of $1.5 trillion to $2 trillion. GeekWire columnist Oren Etzioni published a simple calculator that tests that figure against assumptions about 2028 revenue and profit margin.
Anthropic has filed to go public and will trade under the ticker "ANT." According to the GeekWire analysis, bankers are reportedly valuing the company somewhere between $1.5 trillion and $2 trillion.
The piece notes that even readers who never buy the stock directly may end up owning it, since index funds and ETFs will be required to buy shares within weeks of the debut.
Etzioni reduces the valuation question to three unknowns:
Multiplying the three (revenue × margin × multiple) produces a valuation; the $2 trillion figure is the top of the reported range.
According to the piece, the math ignores two effects that roughly cancel out: a 2028 profit is worth about 17% less today than the same profit earned now, while Anthropic's $132 billion in cash adds roughly 7% to any result.
The text states plainly that this is simplified arithmetic, not investment advice.
Anthropic's IPO is one of the biggest financial events in tech; this piece gives readers a concrete framework to weigh the trillion-dollar valuation against its underlying assumptions.
