Anthropic Files Confidential IPO in US, Marking Turning Point for AI Market
Theo Al Jazeera
Anthropic, the company behind AI chatbot Claude, has filed a confidential IPO in the United States, marking a potential turning point for the AI wave on Wall Street. The move creates a high-stakes test of investor enthusiasm for the AI revolution. Anthropic did not disclose terms, but the company was valued at $965 billion in a recent funding round.
Anthropic, the major artificial intelligence company operating the AI chatbot Claude, has confidentially filed for an initial public offering (IPO) in the United States, opening a potential turning point for the AI wave on Wall Street.
The move, announced Monday, creates a high-stakes test of whether investor enthusiasm for the AI revolution—already reshaping white-collar work globally—can meet the extremely high expectations surrounding the booming sector.
Anthropic did not disclose the size or terms of the offering. Confidential filings allow the company to prepare for an IPO while keeping sensitive financial details away from competitors and the public.
In late May, Anthropic raised $65 billion at a post-money valuation of $965 billion, surpassing rival OpenAI. At the time, the company said its annualized revenue reached $47 billion from selling technology to individuals and organizations using Claude to write code and perform other work and personal tasks.
This key step follows the mega-IPO of Elon Musk-led SpaceX, which offered $75 billion at a valuation of $1.75 trillion, promising to break records.
Anthropic was founded in 2021 by former leaders of OpenAI. These two AI companies, along with Musk's AI and rocket company SpaceX, are all expected to go public at some point. However, all three are still losing more money than they earn, raising concerns about an AI bubble.
OpenAI and Anthropic have become the faces of the AI frenzy, reshaping corporate strategies, sparking a global race for computing power and talent, and turning AI-adjacent companies into the highest-valued enterprises in the market.
Anthropic's rapid rise in early 2026 shook markets, triggering sharp selloffs in software and IT stocks as investors feared its increasingly autonomous AI tools could disrupt traditional business models and accelerate upheaval across industries.
“OpenAI and Anthropic are in an IPO race before they run out of capital,” said Gil Luria, an analyst at investment firm DA Davidson. “Another reason for Anthropic to try to beat OpenAI to an IPO is that they will set the schedule for how a pioneering model reports finances, and do it in a way that favors their financial model.”
OpenAI is also preparing to file a confidential IPO in the US within the next few weeks, contributing to a wave of blockbuster listings expected over the next year.
As multiple large listings race to go public, companies from SpaceX to AI giants are competing for a limited pool of investor capital. “The combined capital demand from SpaceX, OpenAI, and Anthropic will be enormous, potentially causing disruption in capital markets, so going early will be a big advantage,” Luria said.
The listing will represent one of the most significant stock market debuts in years, likely shifting benchmarks, investment flows, and the broader narrative driving US equities. With a valuation near $1 trillion, Anthropic would enter the top tier of the S&P 500, joining a select group of companies dominating global capital markets.
Anthropic's debut will be a major boost for the long-stagnant IPO market, though experts and investment banks caution that such a large offering could drain liquidity and investor attention from smaller listings.
