--- title: How to Invest in Anthropic Before the Claude Creator's Potential $2 Trillion IPO description: Anthropic could go public at a $2 trillion valuation. Here's how investors can get exposure to the Claude maker before its IPO. authors: - name: Martha C. White role: Reporter url: https://money.com/author/martha-c-white/ education: BA, English, Princeton University at_money_since: 2015 articles: 362 covers: - Investing - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - The New York Times - The Wall Street Journal - CNN - Kiplinger Personal Finance - Time social: - https://www.linkedin.com/in/martha-c-white/ editors: - name: Katherine Peach role: Associate Editor url: https://money.com/author/katherine-peach/ bio: Katherine Peach is an associate editor with a focus on news and email at Money. She didn’t always intend to write about money. She’s a classically trained pianist who dreamed of becoming an archaeologist. However, in 2007 Katherine began working in financial publishing as an editor for Agora Inc. (Apparently, unearthing ideas about improving your personal finances isn’t such a bad career alternative!) Katherine’s writing and editing work has been featured in Investing Daily, Clever, Investor Junkie, The Palm Beach Letter, Truth & Plenty, Independence Monthly, NICHE, AmericanStyle, AntiqueWeek, Millennial Money, Money Done Right, TheStreet, Sure Dividend and many others. Katherine holds a Bachelor of Arts in Ancient Studies with concentrations in Archaeology and Ancient Languages and a minor in Literature from the University of Maryland, Baltimore County. She is a member of Phi Beta Kappa. education: University of Maryland, Baltimore County at_money_since: 2025 articles: 14 covers: - Investing - Banking - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Federal Reserve Rate Cuts - Health and Wellness - Housing - Identity Theft - Insurance - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes updaters: - name: Jordan Chussler role: Editor, Investing and Banking url: https://money.com/author/jordan-chussler/ bio: Jordan is an investment editor and CPFC who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices. education: Lynn University certifications: Certified Personal Finance Counselor at_money_since: 2023 articles: 134 covers: - Investing - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ published: '2026-10-26T20:16:33.000Z' modified: '2026-10-26T20:16:33.000Z' section: Investing tags: - Investing - News word_count: 1045 canonical: https://money.com/how-to-invest-anthropic-before-ipo/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Claude app](https://img.money.com/2026/10/News-Claude-Investment-Anthropic.jpg) After months of anticipation, Anthropic filed a registration for its initial public offering, or IPO, with the U.S. Securities and Exchange Commission (SEC) on Monday, Sept. 26. When the AI powerhouse officially goes public, it reportedly could be valued as high as $2 trillion**,** which would make it the biggest IPO in history. According to [*Bloomberg News*](https://finance.yahoo.com/technology/ai/articles/anthropic-said-plan-public-filing-115338000.html), the creator of the Claude chatbot is set to begin formally marketing for its IPO as soon as the week of Nov. 9, while aiming to match or beat the size of [SpaceX's IPO](https://money.com/how-to-invest-in-spacex-before-ipo/). The [*Financial Times*](https://www.ft.com/content/840ac156-af1c-4a82-b260-ae791072fcfa), which was the first to report the $2 trillion figure, cited several backers of the five-year-old AI lab. Proponents of that lofty valuation have argued that expected annualized revenue of up to $120 billion would justify that record-breaking valuation. However, according to [Anthropic's S-1 filing](https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm#ica694c859b8e458dbf6a73f56dde9d42_2972) with the SEC, full-year revenue for 2025 was $4.585 billion. Through the first six months of 2026, that figure has accelerated to $16.286 billion, suggesting that Anthropic's recent financial performance is failing to live up to the estimated annual revenue that would justify a $2 trillion valuation. A $2 trillion valuation, which would place Anthropic among the eight most valuable companies in the world, would soar past SpaceX’s blockbuster $1.77 trillion IPO in June. Elon Musk’s company — which serves as an umbrella for businesses including rocket launch services, direct-to-device Starlink satellite connectivity and xAI — briefly hit a $2 trillion valuation on its first trading day before falling. At press time, its valuation is once again above $2 trillion. While excitement around Anthropic’s public debut is running high, the options for ordinary investors who want to gain exposure to the company ahead of its IPO are limited. Earlier this year, Anthropic [announced](https://support.claude.com/en/articles/13704655-unauthorized-anthropic-stock-sales-and-investment-scams) that it was curtailing sales of pre-IPO shares through special-purpose vehicles (SPVs). These legal entities pool investors' money for a specific purpose — in this case, holding private shares of a not-yet-public company. Anthropic warned that scammers could try to mislead investors. “If someone offers you a way to participate, even on an indirect basis, in an investment in Anthropic, assume that it is invalid,” the company warned on its website. ## You can get exposure, but 'you have to be really picky' The buzz and the huge dollar amounts being projected around Anthropic’s IPO have increased demand — as well as the stakes for investors with FOMO. “I do think there's so much media attention around this that people are going to be excited about the debut,” says Brian Mulberry, chief market strategist at Zacks Investment Management. This isn’t to say investors should avoid investments that offer early exposure to [hot pre-IPO](https://money.com/companies-most-likely-ipos-2026/) AI companies, Mulberry says. But you’ll want to look under the hood and make sure you understand exactly what you’re paying for — and how much you’ll be paying to do so. “There are some decent offerings out there, but you have to be really picky,” he cautions. Investors have their pick of a handful of exchange-traded funds, or [ETFs,](https://money.com/etf-for-every-age/) that hold Anthropic. The iShares AI Innovation & Tech Active ETF (BAI), the T. Rowe Price Technology ETF (TTEQ) and the KraneShares Public-Private AI & Technology ETF (AGIX) each hold shares of Anthropic (the first two also have pre-IPO stakes in Anthropic rival [OpenAI](https://money.com/how-to-invest-in-openai-before-ipo/)). Investment firm Fred Alger Management holds pre-IPO shares of Anthropic in three ETFs: the Alger 35 ETF (ATFV), Alger AI Enablers & Adopters ETF (ALAI) and Alger Concentrated Equity ETF (CNEQ). ## Investor caveats abound For most of these funds, though, Anthropic represents only a tiny fraction of their overall holdings. (As a percentage, the ETF mentioned above with the greatest share of Anthropic is CENQ, with a little less than 4% of its holdings in the Claude parent company.) Another drawback all have in common: higher-than-average expense ratios. “Pay attention to what kind of a drag that's going to have on your return,” Mulberry advises. High-profile tech investor Cathie Wood’s firm, Ark Invest, also has a fund that holds Anthropic, the ARK Venture Fund (ARKVX). This isn’t a run-of-the-mill ETF, though; it is a closed-end fund, or CEF, which means investors should exercise extra vigilance before buying shares. Along with a minimum purchase requirement $500 and a net expense ratio of 2.9%, the fund’s semi-liquid structure means you can’t just cash out and sell your entire holding if you change your mind. Financial technology company Fundrise promises exposure to Anthropic and other hot pre-IPO startups via its Fundrise Innovation Fund (VCX), with the added appeal of a low $10 minimum buy-in. It’s worth noting, though, that this fund is also a CEF, which introduces some caveats that might give investors pause, according to financial research and ratings provider Morningstar. "This CEF is trading at a massive premium," Jack Shannon, an equity strategies principal at Morningstar, noted in a March blog [post](https://www.morningstar.com/funds/fundrise-innovation-is-not-worth-getting-up). Shannon also pointed out that a significant portion of the securities in the fund are held via third-party financial instruments rather than outright owned. While not inherently bad, more complexity can mean lower transparency and higher costs, according to Shannon, who notes that these expenses “can eat meaningfully into returns." Some detractors are more blunt. In a May 15 blog [post](https://clsbluesky.law.columbia.edu/2026/05/15/silicon-valley-faces-a-reckoning-over-special-purpose-vehicles), Case Western Reserve Law School professor and visiting scholar at Harvard Law School Anat Alon-Beck criticized what she referred to as “shadow-equity structures... designed to mimic ownership of stock without necessarily delivering shareholder rights.” ## Take the low-cost shortcut If you want exposure to Anthropic without having to become a financial pro, though, Mulberry has good news. “There's a much safer way to go about this,” he says. Investors can get indirect exposure via other tech titans that have invested in Anthropic, such as Amazon, Google parent Alphabet, chipmaker Nvidia and Microsoft. “There's a sideways or pass-through exposure by owning Google or Nvidia,” Mulberry says. Even holding passively managed, [low-cost index funds](https://money.com/etf-for-every-age-18-to-35/) give you exposure to these companies. Mulberry says it’s not surprising that interest in Anthropic is so high, but investors can't let themselves get carried away. “The metrics and monetization Anthropic has been able to demonstrate are really strong,” he says. In the high-stakes, high-cost arms race for AI dominance, “this one could be the unicorn,” although he adds, “It’s always a wild card.” ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/how-to-invest-anthropic-before-ipo/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Investing", "item": "https://money.com/investing/" }, { "@type": "ListItem", "position": 3, "name": "Stocks", "item": "https://money.com/stocks/" }, { "@type": "ListItem", "position": 4, "name": "How to Invest in Anthropic Before the Claude Creator's Potential $2 Trillion IPO" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/how-to-invest-anthropic-before-ipo/#webpage", "url": "https://money.com/how-to-invest-anthropic-before-ipo/", "name": "How to Invest in Anthropic Before the Claude Creator's Potential $2 Trillion IPO", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2026-10-26T20:16:33.000Z", "mainEntity": { "@id": "https://money.com/how-to-invest-anthropic-before-ipo/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/how-to-invest-anthropic-before-ipo/#breadcrumb" }, "dateModified": "2026-10-26T20:16:33.000Z" }, { "@type": "NewsArticle", "headline": "How to Invest in Anthropic Before the Claude Creator's Potential $2 Trillion IPO", "articleSection": "Investing", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2026/10/News-Claude-Investment-Anthropic.jpg", "width": 2880, "height": 1920, "caption": "News-Claude-Investment-Anthropic" } ], "author": [ { "@type": "Person", "name": "Martha C. 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