# The $500 Billion Question at the Center of the Anthropic Frenzy

- slug: the-500-billion-question-at-the-center-of-the-anthropic-frenzy
- date: 2026-04-23
- category: Artificial Intelligence

Secondary markets are pricing Anthropic at $1 trillion while its own bankers target $400-500B for IPO — that gap, not the headline number, is the story.

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