OpenAI targets a $1.4 trillion private valuation ahead of Anthropic's IPO
As seen on the 24/7 Wall St. homepage on October 21, 2026.
A $1.4 trillion private mark set just before Anthropic lists would become the yardstick public investors price the rival against, and it is being locked in while Anthropic's own valuation expectations get trimmed.
BREAKING: OpenAI is racing to finalize a final private funding round at a $1.4T valuation before Anthropic's IPO
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OpenAI is closing a final private round at a $1.4 trillion valuation just before Anthropic reaches public markets, so that mark becomes the first reference institutional investors use to price the rival.
That private anchor gives Anthropic's bankers and early investors either a ceiling to argue against or a floor to build from.
Anthropic's own valuation expectations are being trimmed even as this round is finalized, making OpenAI's timing look pointed rather than coincidental.
The private yardstick will hang over every conversation about what Anthropic is worth the moment it begins trading.