Amazon.com-backed (AMZN) Anthropic is likely to project a total addressable market of more than $30 trillion in its upcoming IPO filing, exceeding the $28.5 trillion that Space Exploration Technologies (SPCX) cited in its offering, The Wall Street Journal reported Tuesday, citing people familiar with the matter.

Anthropic is basing its estimate on the full scope of work that could be completed using AI models, the report said.

The company is expected to release its IPO financial-disclosure documents in the next few weeks, potentially setting up a public listing as soon as September or early October, the report said.

Anthropic did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 261.04, Change: -1.03, Percent Change: -0.39