Anthropic Surpasses OpenAI in Secondary Market Valuation
- Anthropic’s shares are trading at approximately $1 trillion on secondary platforms like Forge Global, surpassing OpenAI’s $880 billion valuation.
- The company’s annualized revenue increased from $9 billion in late 2025 to $30 billion by March 2026, marking a significant jump of 233% within one quarter.
- In February, Anthropic secured a $30 billion Series G round at a post-money valuation of $380 billion, with secondary markets now valuing the company at nearly three times that amount.
- Amazon’s commitment of up to $25 billion in additional investment has contributed to the increased interest in Anthropic shares.
The rapid appreciation of Anthropic’s valuation on secondary markets highlights its strong revenue growth and strategic investments, particularly through enterprise adoption of Claude Code and API products. The company’s current market dynamics have led to a valuation that significantly exceeds its recent funding round figures.
Despite the high secondary market valuation, it is important to note that this figure does not necessarily reflect what Anthropic could achieve in a primary funding round or IPO setting. Source
