Anthropic Confidentially Files To Go Public
Anthropic Confidentially Files To Go Public
Publish Date: 2026-06-01 13:15:00
Source Domain: www.forbes.com
Topline
Claude maker Anthropic has confidentially filed initial paperwork with the Securities and Exchange Commission, taking a step toward a potential initial public offering that could reportedly come as early as late 2026.
(Photo illustration by Cheng Xin/Getty Images)
Getty Images
Key Facts
The filing sets neither a share count nor a price.
The move arrives just days after the company closed a $65 billion round that valued it at $965 billion—eclipsing rival OpenAI and cementing its status as the most valuable startup in artificial intelligence.
Anthropic’s most recent round nearly tripled its valuation of $380 billion in roughly three months.
Big Number
Anthropic’s annualized revenue crossed $47 billion in May, up from a $30 billion earlier in the year and $10 billion in annual revenue last year.
Key Background
Anthropic steps into the busiest IPO pipeline since 2021, with three of the most valuable private companies ever built converging on the public markets within the same window. The center of gravity is the duel between Anthropic and OpenAI, the two labs that have defined the generative AI era and now find themselves racing to ring the bell first. OpenAI, which launched the AI boom with ChatGPT, raised $122 billion at an $852 billion valuation in March but has drawn investor unease over missed revenue targets and a court fight with Elon Musk. Anthropic has surged on enterprise demand and its Claude Code franchise, overtaking OpenAI’s valuation for the first time. SpaceX, which merged with xAI earlier this year, is furthest along, with a public filing and a roadshow reportedly beginning in early June, while targeting around a $1.8 trillion valuation and seeking to raise more than $75 billion. Beyond the AI giants, the queue includes Databricks, Canva, Stripe, Cohere and Strava, alongside Discord and Inspire Brands, the owner of Dunkin’ and Buffalo Wild Wings.
Tangent
Part of what has captivated Wall Street about Anthropic is a model the public can’t even…
