Anthropic Raises $30B at $380B Valuation, Joins SpaceX and OpenAI in Mega-Cap Private Tier

Anthropic Closes $30B Series G at $380B Post-Money Valuation Anthropic, the AI safety company behind the Claude family of models, has raised $30 billion in its Series G funding round at a post-money valuation of $380 billion. The transaction places Anthropic alongside OpenAI and SpaceX as one of the three most valuable private companies in the world, and among the most significant IPO candidates in recent memory. What the Valuation Signals $380B post-money valuation — up dramatically from prior rounds Joins OpenAI (~$300B) and SpaceX (~$350B) in the mega-cap private tier Creates a combined potential market cap of approximately $1 trillion+ across three private AI/space companies Secondary markets for Anthropic shares are expected to price at or near the new primary round level Secondary Market Impact For secondary market participants, the Anthropic raise sends a clear message: AI-native companies at scale command primary-round pricing with minimal secondary discount. Demand from institutional buyers and sovereign wealth funds has driven valuations to levels that compress secondary discounts to near zero — or force buyers to pay at-par or above NAV. Anthropic's $380 billion valuation vaults it next to OpenAI and SpaceX among the largest IPO candidates — Fortune, February 2026 Why This Matters for Private Markets Anthropic's valuation milestone creates a new benchmark for AI infrastructure companies in the secondary market. LPs holding exposure from earlier rounds are sitting on significant unrealized gains. Meanwhile, secondary buyers face a difficult pricing environment: paying near $380B implies a bet that the IPO or acquisition will value the company even higher. The broader implication is that the private-to-public transition for these mega-cap AI companies — whether via IPO, direct listing, or M&A — could generate one of the largest liquidity events in private equity history.