BREAKING: Anthropic's market-implied pre-IPO valuation surges to a record $1.4 trillion, rising another +40% in 24 days. This puts Anthropic's implied valuation up +1,067% since October 2025, per onchain pre-IPO trading data. Pre-IPO instruments trading onchain on Jupiter, backed 1:1 by SPV exposure, are providing a real-time proxy for the company’s implied IPO valuation. The surge comes amid reports that Anthropic's annualized revenue has surged from $100 million in 2023 to $45 billion today. Over the last 12 months alone, Anthropic's annualized revenue has risen +1,400%. We are witnessing a historic technological revolution.(The Kobeissi Letter)