How to Invest in Anthropic Before Its IPO | Tema ETFs

Key Takeaways Anthropic is preparing for a closely watched IPO that could value the company at more than $2 trillion, 1 above SpaceX’s $1.8 trillion valuation at its landmark June IPO. 2 Anthropic’s annualized revenue run rate (ARR) exceeded $65 billion by the end of July 2026, 3 up from approximately $9 billion at the end of 2025. 4 I nvestors can gain pre-IPO exposure through public companies with an Anthropic stake, certain interval and mutual funds, or an ETF that can be bought and sold during market hours.