Key Takeaways:
Kobeissi Letter flagged Anthropic’s onchain implied valuation hitting $1 trillion on Jupiter’s Prestocks on April 27, 2026. Anthropic tokens on Solana climbed 733% since October 2025, pushing the implied cap past $380 billion from the February Series G. Anthropic explicitly bans SPV and tokenized share transfers, warning investors that these instruments may carry no legal value. Onchain Buyers Price Anthropic at $1 Trillion on Jupiter, Joining OpenAI and SpaceXThe combined implied valuation of Anthropic, OpenAI, and SpaceX now totals approximately $3.7 trillion across these instruments, per the Kobeissi Letter post.
For now, the $1 trillion figure sits in the market as a speculative signal. It reflects genuine demand, explosive revenue growth, and a limited supply of Anthropic shares. It also reflects an onchain market operating outside the company’s own legal framework, which is a distinction buyers should understand before participating.
