AI continues to generate record after record in the American financial markets. Anthropic’s IPO could break SpaceX’s record.
Anthropic, the developer of the Claude artificial intelligence model, is preparing to launch an initial public offering of the size or size of the record set by SpaceX in June.
According to sources familiar with the company’s plans, cited by Bloomberg, the company is completing calculations ahead of a public filing of documents that could arrive as early as the end of August 2026, in what is looming as the largest IPO in the history of the US stock market.
Matching SpaceX
SpaceX, Elon Musk’s flagship, had established the largest stock debut ever in June alone, raising 75 billion dollars at the start of the offering, which rose to 86.2 billion with the exercise of the overallotment option.
The initial valuation was close to $1.77 trillion, with Musk retaining more than 82% of voting power.
Anthropic intends to match or beat that achievement, on the other hand investor demand for AI companies is simply skyrocketing in the US, driven by the AI boom.
Anthropic numbers:
The starting capital is very respectable. In May 2026 Anthropic raised 65 billion dollars in a financing round that brought the company to a valuation of 965 billion dollars, overtaking its rival OpenAI in the race for internal valorization of the two AI giants.
Revenue growth has been equally explosive. Annual revenues reached $65 billion at the end of July 2026, a dramatic jump from the roughly $9 billion reported at the end of 2025 and the $47 billion reported in May.
Preliminary second-quarter revenues also topped $11.5 billion, up from $787 million in the same period in 2025.
The financial dichotomy
The company’s financial profile still shows the weight of investments in computing infrastructures.
In 2025, in fact, Anthropic recorded a net loss of almost $42 billion, compared to approximately $8.3 billion in 2024. The turning point came in the second quarter of 2026, when adjusted operating profit was positive for the first time, a result that also surpassed OpenAI’s performance in the same period, with the objective of operating profitability remaining to be achieved by the end of the year.
The duel with OpenAI
An IPO of this size would place Anthropic ahead of OpenAI on the path to listing. The rival, in fact, currently seems to want to aim for a listing in 2027.
The debate on the valuation remains heated, because while some internal voices speak of a potential target above 2,000 billion dollars, for now this is private market speculation rather than an official figure.
The general context, despite the difficult macroeconomic conditions for the United States (particularly regarding debt, deficit and bond yields) is one of unprecedented hunger for AI securities.
Newly listed companies in 2026 have already raised $160.6 billion through August 19, approaching the historic record of $195.2 billion, recorded in 2021.
