Anthropic IPO: Aims to Surpass SpaceX's $86B Valuation

Anthropic, the maker of the Claude AI assistant, is preparing for an initial public offering. The company hopes this IPO will match or exceed the record set by SpaceX earlier this year. SpaceX's June debut raised $75 billion, climbing to approximately $86.2 billion. Anthropic has confidentially submitted a draft registration statement and could file publicly as soon as the end of August. The company is working with Morgan Stanley, Goldman Sachs, and JPMorgan Chase on the IPO. Anthropic's annualized revenue run rate reached $47 billion as of May 2026, and climbed toward a pace exceeding $65 billion. Despite this rapid revenue growth, the company posted a net loss of almost $42 billion in 2025. Its most recent private funding round in May 2026 valued the company at approximately $965 billion. To surpass SpaceX's IPO valuation, Anthropic's public offering would need to value the company at more than $2 trillion. This move highlights the intense competition and significant financial activity within the AI industry.