Anthropic is expected to tell investors in IPO filings its total addressable market (TAM) exceeds $30 tln, topping SpaceX’s prior $28.5 tln estimate (SpaceX said $26.5 tln of that was an AI opportunity). Anthropic reported Q2 revenue above $11.6 bln, roughly double the prior period. The IPO could raise up to $100 bln with a target valuation near $2 tln, above SpaceX’s $1.77 tln listing valuation; plans remain under discussion and a listing could occur as early as September or October.