Anthropic, an AI startup founded in 2021 by former OpenAI executives, is preparing for an initial public offering possibly as early as September or October 2026 [1, 2, 3]. The company aims to raise up to $100 billion in the offering, which could value the firm around $2 trillion—exceeding SpaceX's $85.7 billion IPO at a $1.7 trillion valuation in June 2026 [1, 2, 3].
Founded with a focus on artificial intelligence for computer programming, Anthropic employs about 5,000 people as of 2026 and has developed popular products such as its AI programming assistant Claude Code [1]. The startup claims a total addressable market exceeding $30 trillion for its AI technologies [1, 2, 3]. After completing a funding round in May 2026 that raised about $65 billion, Anthropic's annual revenue is estimated near $65 billion, with quarterly revenue growing to roughly $11.6 billion [1, 3].
Despite rapid growth, Anthropic reported losses of approximately $42 billion in 2025 and is expected to continue operating at a loss in the near term [1]. The company also faces political hurdles, including a contract termination in March 2026 by the Trump administration over concerns about military applications and supply chain risks [1].
Anthropic’s CEO, Dario Amodei, and co-founder and president Daniela Amodei lead the company during this expansion phase [1]. Its close partnership with SpaceX includes collaborations involving hardware from xAI, a SpaceX subsidiary [2]. Elon Musk reversed previous skepticism in July 2026, calling Anthropic "the leader in AI" [2].
The confidential draft registration statement for the IPO was filed with the SEC on June 1, 2026 [3]. Analysts expect the IPO to surpass SpaceX’s record set just months earlier. OpenAI, another leading AI firm founded by Anthropic’s former executives, has announced plans for an IPO possibly in 2027 with a valuation expected to exceed $1 trillion [2].
Anthropic’s next major milestone is the planned public offering scheduled for September or October 2026, which will provide clearer insight into its valuation and market reception [2, 3].
