Anthropic's IPO could make 1,200 of its employees millionaires.

According to a report by The Observer, financial platform Hill estimated based on employee equity allocations across different departments at Anthropic. Anthropic disclosed in its S-1 filing with the U.S. Securities and Exchange Commission (SEC) that it has a total of 5,300 employees, of whom around 4,250 are expected to become millionaires upon the company's IPO, accounting for 80% of the total workforce. This figure is not an official statistic. For context, when SpaceX went public in June this year, it made over 4,400 current and former employees millionaires, though the company had around 22,000 employees at the time. By comparison, Anthropic's ratio of employees becoming millionaires is far higher. The company's seven co-founders are excluded from this count, as they were already billionaires before the IPO and thus not part of the new millionaire cohort. According to Forbes' estimates, each of the seven founders holds approximately 1.4% of the company's shares. Further estimates from Hill on employee stock holdings and potential gains show that around 50 early employees and management members are expected to amass wealth exceeding $100 million post-IPO, primarily thanks to equity grants they received as "founding employees" when the company had not yet proven its commercial value. This group makes up less than 1% of the total workforce. Additionally, around 1,200 highly skilled employees and researchers, thanks to equity compensation in their pay packages, are projected to accumulate over $10 million in wealth, accounting for roughly a quarter of total employees. Another roughly 3,000 employees with relatively lower compensation levels are also expected to hold stock worth over $1 million after the IPO. All the above figures are calculated based on an assumed $1.5 trillion valuation for the company.