Wall Street Anomaly: Secondary Market Values Anthropic at Astronomical $2 Trillion

Financial hype has definitively lost touch with physical reality. On August 15, 2026, the valuation of the startup Anthropic on the secondary market breached the unthinkable threshold of $2 trillion ahead of a potential IPO. This figure has sparked furious debates about an AI bubble.

The math behind the valuation is baffling analysts. With projected revenue of $10–$12 billion by the end of the year, investors are valuing the company at a multiple of nearly 200x revenue. Such metrics were not seen even during the dot-com era. Speculators are pricing Anthropic not as a software company, but as a future sovereign of the global economy that will monopolize the B2B market thanks to its secure (Zero Trust) Claude models. However, if the margins of AI agents fall below expectations due to the massive costs of infrastructure and data center cooling, this valuation will collapse like a house of cards, dragging the entire stock market down with it.

Source: MarsBit / KuCoin