Anthropic is reportedly accelerating plans for a major U.S. IPO that could challenge SpaceX’s record for the largest new share offering. The Claude developer could file as early as late August, with a potential market debut in October and a targeted $2 trillion valuation. The offering could also become a major test for investor appetite ahead of the U.S. midterm elections.
IPO Could Challenge SpaceX Record
- Anthropic is expected to file for its IPO later this month, according to Bloomberg, with CFO Krishna Rao reportedly discussing the timeline at an investor briefing.
- The company could begin trading as early as October.
- Anthropic is targeting around $2 trillion, above SpaceX’s reported $1.77 trillion valuation.
- SpaceX raised $75 billion at its listing, with the final amount reaching $86.2 billion after an over-allotment option. Demand exceeded $150 billion during bookbuilding.
- Underwriters: Morgan Stanley, Goldman Sachs, JPMorgan Chase and Citi are reportedly working on the offering.
Revenue Surges, But Losses Remain
Anthropic’s fast growth is making investors more confident and excited about the company. The Firm’s preliminary Q2 revenue topped $11.5 billion, up 1,361% from $787 million a year earlier. Its annualized revenue reached $65 billion by the end of July.
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