Anthropic, the AI company behind the Claude chatbot, is getting ready to file for an initial public offering (IPO). This IPO could match or exceed SpaceX's record $75 billion flotation. The company plans to submit its paperwork by the end of August, according to sources familiar with the situation.
Key Details
The expected IPO shows strong investor interest in AI companies. Anthropic raised $65 billion in May, reaching a valuation of $965 billion. This surpassed OpenAI's valuation of $852 billion after its own funding round. In its latest quarter, Anthropic reported revenue of over $11.5 billion. This is a big increase from $787 million a year earlier. However, the company also reported a net loss of nearly $42 billion in 2025, up from $8.3 billion the previous year. This highlights the financial challenges the company faces amid rapid growth.
Background
Anthropic was co-founded in 2021 by Dario Amodei and Daniela Amodei, who are former OpenAI employees. The company has gained traction by selling AI tools to large employers. Its Claude Code product helps software developers with coding tasks. The upcoming IPO could put Anthropic ahead of OpenAI, which is not expected to go public until late 2026.
The potential IPO could impact the tech sector, especially for AI companies. It may set a new benchmark for valuations and investor interest. Investors will closely watch for details on the IPO size and timing. This could affect market sentiment toward AI stocks. Look for Anthropic's official filing in late August, which will provide more clarity on its financials and market strategy.
Based on reporting by: businesstimes.com.sg, proactiveinvestors.co.uk