Anthropic’s most recent $65 billion Series H round closed on May 28 at a $965 billion post-money valuation, establishing the current private-market benchmark and surpassing OpenAI’s prior mark. This capital infusion, led by Altimeter, Dragoneer, Greenoaks, and Sequoia, was driven by demand for expanded compute capacity and Claude product scaling, with the company reporting a $47 billion revenue run rate. A confidential IPO filing followed in early June, adding potential public-market catalysts, though no additional funding rounds or valuation resets have materialized since. With the June 30 resolution date now only days away and no imminent announcements expected, trader sentiment centers on whether any late-stage private updates or IPO-related leaks could push the implied valuation across the market’s next threshold before quarter-end.