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Secondary-market trades on Forge Global pushed Anthropic’s valuation to about $1 trillion, surpassing OpenAI’s roughly $880 billion price. The surge reflects scarce share supply, rapid revenue growth (from a $9 billion to $39 billion annual run rate), and partnerships with Amazon and Palantir.
- Anthropic's secondary-market valuation hit ~$1 trillion on Forge Global, surpassing OpenAI's ~$880 billion, up from just $380 billion three months earlier
- Anthropic's annualized revenue run rate jumped from $9 billion (late 2025) to $39 billion (March 2026), fueling investor demand
- Share scarcity is driving frenzied bidding, with offers ranging from $960 billion to $1.05 trillion and some even involving property trades
- Growth is tied to Claude Code's popularity and major partnerships with Amazon and Palantir