BackBig Whales' Movements

Big Whales' Movements

Anthropic
2026-06-23 05:01:42

Zhipu's Trillion Valuation Sparks Debate: What Is Anthropic Worth? Three Methods Offer a Range

A recent article explores three valuation methods for Anthropic: a distorted trillion-level estimate based on Zhipu's high PS multiple; a $1.72 trillion implied by on-chain Pre-IPO contracts with extremely low liquidity; and a more realistic range of $820 billion to $2.36 trillion from ARR and gross-margin-adjusted multiples. The final valuation hinges on revenue growth sustainability, reasoning cost decline, and commercialization quality.

80
Zhipu's Trillion Valuation Sparks Debate: What Is Anthropic Worth? Three Methods Offer a Range