The company that created the Claude AI assistant, Anthropic, is getting ready to go public as early as October in what investors anticipate will be the biggest IPO ever, exceeding SpaceX’s record-breaking $2 trillion launch earlier this year.
Investors supporting Anthropic are pricing the firm at more than $2 trillion ahead of its scheduled offering, with some backers aiming for a valuation as high as $2.8 trillion, according to a Financial Times story published on Thursday. The AI corporation, which was last valued at $965 billion in a funding round in May 2026, would end its spectacular rise with the IPO.
Growth In Revenue Boosts Investor Confidence
The bullish pricing has been supported by Anthropic’s sales trend. As of May 2026, the company’s annualized revenue run rate was over $47 billion, up from just $1 billion in late 2024 and about $14 billion at the end of 2025. According to some estimates, Anthropic may have yearly revenues of between $100 billion and $120 billion by the end of 2026, making it one of the world’s top software businesses.
With Goldman Sachs, JPMorgan, and Morgan Stanley driving the offering, which is anticipated to raise more than $60 billion, the business confidentially filed its S-1 with the Securities and Exchange Commission on June 1 to list on the Nasdaq.
An Overcrowded AI IPO Market
The listing would come after SpaceX’s roughly $2 trillion public debut and before OpenAI’s upcoming IPO, which it plans to list in late 2026 or early 2027. While financial investors like Altimeter, Sequoia, and Fidelity took part in recent private rounds, Amazon and Google continue to be among Anthropic’s biggest strategic sponsors.
Regulatory pressure on data centers, cheaper Chinese AI competitors, and whether the industry’s capital expenditures will provide sufficient returns are just a few of the concerns that investors have identified for the timetable. According to Anthropic’s leadership, the final listing is still dependent on the state of the market.