Anthropic readies IPO that could top SpaceX, reach $2 trillion
Business
Anthropic, the AI company started by former OpenAI executives, is gearing up for a massive IPO that could top SpaceX's record from earlier this year.
If all goes as planned, Anthropic could be valued at $2 trillion, making it the biggest tech debut ever.
Anthropic IPO could top $100 billion
Bankers think Anthropic could raise more than $100 billion in its IPO, more than doubling its value since June.
The company stands out for its safety-focused Claude AI models and popular Claude Code tool for developers.
With annual revenue projected at $47 billion, Anthropic still faces challenges, like losing US government contracts this spring over security concerns, but it's racing to go public before OpenAI's hoping to list its shares in 2027.