Headline: Anthropic’s pre-IPO valuation tops $1 trillion on Jupiter — a milestone for on‑chain price discovery Anthropic’s implied pre-IPO valuation has climbed above $1 trillion on Jupiter’s Prestocks market, marking a striking moment for on‑chain price discovery of private companies. The Solana‑based DEX’s on‑chain pricing puts Anthropic in the same ultra‑rare club as OpenAI and SpaceX for private firms valued near or above $1 trillion. The surge has been dramatic: according to The Kobeissi Letter, Anthropic’s implied valuation is up 733% since October 2025. Jupiter’s on‑chain price is broadly aligned with traditional private markets — Forge Global CEO Kelly Rodriques told Business Insider that Forge’s data also pegs Anthropic at roughly $1 trillion. Other secondary platforms show similar, if slightly lower, marks. Hiive priced Anthropic shares at $849 each, implying a market value near $851 billion — within about 18% of Jupiter’s reading. As podcast host Aakash Gupta observed, the gap highlights a shift in how private company prices form: “A Solana DEX and a regulated US secondary market for accredited investors are pricing the same private company within 18% of each other.” Quick refresher on Anthropic’s financing and growth: the AI startup closed a Series G in February at a $380 billion post‑money valuation, raising $30 billion in a round led by GIC and Coatue. The company says its revenue ramp has been rapid — from first dollars under three years ago to a current run‑rate of $14 billion. Google has also agreed to invest up to $40 billion in Anthropic, starting with $10 billion at the same valuation and another $30 billion tied to performance milestones. Business Insider recently reported that venture capital offers valuing Anthropic as high as $800 billion have circulated, a level well above its formal valuation at the time. The broader private AI and tech markets remain active: SpaceX has filed a confidential draft IPO registration with the SEC and could list as soon as June, and any public listings from Anthropic, OpenAI or SpaceX would likely reset how investors benchmark the biggest private AI and technology names. Why crypto markets should care: Jupiter’s Prestocks reading underscores how decentralized, on‑chain venues and regulated secondary platforms are converging on private valuations. For crypto traders and investors, these on‑chain price signals can influence derivatives, tokenized exposure and sentiment around the biggest AI companies before they ever hit public markets. Read more AI-generated news on: undefined/news