Anthropic aims to match or exceed SpaceX’s record IPO size.
Anthropic PBC is reportedly gearing up for an initial public offering (IPO) that could rival the record-setting debut of SpaceX, according to sources familiar with the company’s preparations. The artificial intelligence firm, renowned for its AI assistant Claude, is actively working on its IPO plans, with the possibility of submitting its public filing as early as the end of this month. Recent briefings with investors, led by Chief Financial Officer Krishna Rao, have not addressed the specifics of the company’s valuation, leaving many unanswered questions regarding the financial outlook of this high-profile offering.
SpaceX’s IPO made waves by raising an unprecedented billion initially, a figure that swelled to .2 billion when including an overallotment option, which is frequently engaged when shares experience a price surge in early trading. Now, as Anthropic moves forward, discussions surrounding the IPO are ongoing, with the details, including the proposed size of the offering, potentially subject to change. Representatives from Anthropic have not responded to requests for comment on these developments.
The ambitions of Anthropic underline the eagerness within the AI sector, which has witnessed remarkable growth and investment in recent years. Notably, the five-year-old company achieved a substantial valuation of 5 billion following a billion capital raise in May, surpassing that of its competitor OpenAI, which enjoyed an 2 billion valuation after securing 2 billion in funding in March. Despite impressive earnings in adjusted operating income, Anthropic reported a net loss of nearly billion for 2025, a significant increase from the previous year’s loss.
Currently, demand for AI solutions is surging, a trend that is reflected in Anthropic’s revenue skyrocketing to over .5 billion in preliminary figures for the second quarter of 2025, compared to 7 million during the same timeframe the previous year. The company’s run rate indicates a projected full-year revenue of billion by the end of July.
The escalating costs associated with developing advanced AI technologies have presented challenges for Anthropic and its peers. Training sophisticated models necessitates vast computational resources. In one of its agreements, Anthropic has partnered with SpaceX for computing support estimated at tens of billions of dollars over a three-year period.
Anthropic is anticipated to make its public market entry ahead of OpenAI, which is now suggesting a listing timeframe set for 2027. As Anthropic finalizes its preparations, it aims to secure a revolving credit facility expected to exceed its initial billion funding target.
The IPO process will see Anthropic collaborate with significant financial institutions, including Morgan Stanley, Goldman Sachs, and JPMorgan Chase, among others. Additionally, the company is contemplating the implementation of super-voting shares to maintain greater governance control among its founders, including CEO Dario Amodei, who currently holds approximately 2% of the company.
A successful IPO for Anthropic, potentially surpassing SpaceX’s record, would be a pivotal moment in the tech sector and could set the stage for a landmark year in U.S. IPO activity. As of mid-August, newly listed companies had already raised 0.6 billion, positioning 2026 to potentially eclipse 2021’s record IPO year of 5.2 billion. With Anthropic’s impending public offering expected to contribute to this total, the year is shaping up to be transformative for the technology sector.
As the IPO landscape evolves, Anthropic’s debut may play a critical role in shaping the future of AI investments and further cementing the company’s status as a leader in the field.
Source: Media News Source
