Goldman Sachs forecasts Anthropic will generate over $600bn in revenue by 2030, up more than 130x from 2025. The AI startup, founded six years ago, is projected to grow from $4.6bn in 2025 to $52bn this year, $136bn in 2027, and $442bn in 2029. Goldman expects free cash flow to remain negative until 2030, when it projects $33.6bn generation.
The bank also anticipates $900bn in computing spend and an IPO raising up to $64bn, valuing the company at $1.4tn at the high end. Operating losses are projected to peak at $40.4bn in 2027 before profitability in 2029, with operating profits reaching $65.2bn by 2030. Goldman notes the growth places Anthropic among the world's largest revenue generators, comparable to Amazon's $830bn and Nvidia's forecasted $700bn in 2027.
The IPO comes amid concerns about potential AI investment slowdowns following recent US election results. The bank previously led SpaceX's IPO and forecasts its AI division revenue to reach $322bn by 2030.
Source: Financial Times Companies · Summarized by HeadlinesBriefing