80x. This is how much anthropy will grow in the first quarter of 2026 on an annual basis. The company planned for 10x. Dario Amodei made the confession on stage at the Anthropic Developers Conference in San Francisco on May 6, telling the audience that growth was… “Just crazy” and “hard to deal with.” He wasn’t exaggerating. Anthropic’s annual revenue run rate has already exceeded $30 billion, up from $9 billion at the end of 2025The company is now in talks to raise nearly $50 billion at a valuation of more than $900 billion, a number that would push it past OpenAI’s $852 billion post-cash valuation as of March for the first time.
The engine behind the boom is Cloud Code. Anthropic’s AI programming assistant has been tearing up the developer world since its launch in mid-2025, and Amodei points to software engineers as the first and fastest adopters of AI tools. “It’s a harbinger of how things are going throughout the economy,” he said on stage. Claude Code generated $1 billion in annual revenue within six months of launch, and growth hasn’t slowed down. The company now has more than 1,000 enterprise customers who spend more than $1 million annually on Claude’s services, a number that has doubled since February.
SpaceX and Amazon are seizing computing territory
Hours before Amodei took the stage, Anthropic dropped perhaps the most unexpected deal of the year. Company Signed an agreement with SpaceX To use all the computing capacity in the Colossus 1 data center in Memphis, giving it access to more than 300 megawatts of capacity and more than 220,000 Nvidia GPUs in one month. This is the same facility designed by Elon Musk’s xAI to power Grok, which is now being handed over to a direct competitor.
Colossus 1 adds to a growing infrastructure stack that already includes a multibillion-dollar computing deal with Amazon for up to 5 gigawatts of capacity and a separate partnership with Google and Broadcom for an additional 3.5 gigawatts starting in 2027. The immediate reward for users is tangible. Anthropic said it will double Claude Code price limits on paid plans, remove peak-hour usage caps for Pro and Max accounts, and increase order volume for its Opus models.
The race is no longer close
Two years ago, Anthropic was a safety-focused, capital-intensive research lab. Today, its revenue run rate exceeds that of OpenAI 25 billion US dollars Nearly 80% of its revenue comes from enterprise customers rather than consumer subscriptions. Forty percent of the top 50 clients are financial institutions, including Goldman Sachs, Visa and Citi.
The $900 billion valuation round, if completed, could be Anthropic’s last private raise. Bloomberg reported that the company is considering an IPO as early as October 2026, with Goldman Sachs, JPMorgan and Morgan Stanley already in early discussions. On secondary markets, Anthropic shares are already trading at an implied valuation of $1 trillion.
The story coming out of San Francisco is not about whether Anthropic can compete with OpenAI. Revenue has already answered this question. The story now is whether anyone, including computing providers, can keep up with the demand curve Anthropic is on.
