😺 Anthropic's IPO could top SpaceX's record
The Neuron Eric Gerard Ruiz ● Covered by 4 sources
Anthropic may be heading for an IPO bigger than any before it. If the numbers hold, it would top SpaceX and shove Claude into Wall Street history.
Based on reporting by The Neuron, Eric Gerard Ruiz — read the original for the full story.
Summary, retelling and take written by AI under human oversight; images are AI-generated illustrations. How we work · Report an error
Anthropic is reportedly telling investors it could raise more than $100 billion in a public offering, according to the New York Times. That would make the company one of the most expensive tech listings ever seen, with a valuation near $2 trillion if the chatter proves right.
That is an absurd number on its face, and still only part of the story. The company was worth $965 billion after its last private funding round in June, so the leap would be more than dramatic. Morgan Stanley, Goldman Sachs, and JPMorgan are said to be leading the deal, with a listing possible as soon as October and public filing papers expected in the coming weeks.
If it happens, Anthropic would be trying to beat SpaceX’s June debut, which raised $85.7 billion at a $1.77 trillion valuation. Only Apple, Microsoft, and Nvidia have ever crossed the $2 trillion mark, and Anthropic would get there before OpenAI, which reportedly isn’t planning to go public until 2027.
The engine behind all this is Claude Code, Anthropic’s coding assistant, which has become one of its most popular products. The company’s projected annual revenue has climbed to $47 billion, a remarkable figure for a startup founded five years ago by Dario and Daniela Amodei, both former OpenAI executives.
But the bigger question is whether the safety-first pitch can survive the growth spurt. Anthropic has struggled to get enough chips and servers to meet demand, and in March the Trump administration cut off its Defense Department contracts after the company refused to give the military unrestricted access to its models. Anthropic called that move unconstitutional retaliation. A record-setting IPO and a fight with the government’s biggest customer do make a strange pair.
My take — AI-written commentary, not fact-checked reporting
The market loves a clean story, and Anthropic keeps trying to sell one: safer AI, bigger checks. Nice pitch. But once a company starts talking like a public titan while also running into chip shortages and government blowups, the “safety-first” brand looks less like virtue and more like premium packaging.
Read more about this at: The Neuron