Anthropic’s keenly awaited United States initial public offering is anticipated to be one of the largest market debuts ever, poised to rigorously test public appetite for the rapidly expanding artificial intelligence industry. The listing could potentially value the Claude maker at approximately $2 trillion. Anthropic, the developer behind the artificial intelligence model Claude, is a prominent player in the rapidly expanding AI industry, focusing on conversational AI and advanced language models. This event is expected to be a highly consequential stock market debut, potentially reshaping benchmark indexes and investor flows.
The AI heavyweight confidentially filed for its US IPO in June, a move signalling a potential watershed moment for Wall Street’s AI frenzy. Reuters has reported that Anthropic aims to raise as much as $100 billion. Its IPO prospectus revealed a net loss of $42 billion in 2025, with plans to spend $518 billion on cloud, computing, and infrastructure obligations in the coming years. While marketing was expected mid-October, reports suggest a potential postponement until after the November US midterm elections, though impacts are not expected. In May, Anthropic raised $65 billion at a post-money valuation of $965 billion, momentarily placing it ahead of rival OpenAI.
OpenAI, the developer of the ChatGPT AI chatbot, also confidentially filed for a US IPO in June, with Reuters previously reporting a potential valuation up to $1 trillion. However, CEO Sam Altman later indicated the company would not go public in 2026, citing safety concerns. For context on major market debuts, Elon Musk’s SpaceX made its historic Nasdaq debut in June, securing $75 billion in proceeds. This was more than double Saudi Aramco’s 2019 IPO, with SpaceX achieving a $2.1 trillion valuation on its first trading day.
