- Anthropic has confidentially filed for an IPO just days after raising $65 billion at a $965 billion valuation.
- The Claude developer is now worth more than OpenAI based on its latest funding round.
- Investors are betting Anthropic could become the world's first publicly traded trillion-dollar AI company.
Anthropic has taken a major step toward becoming a publicly traded company after confidentially filing IPO paperwork with the U.S. Securities and Exchange Commission (SEC). The artificial intelligence startup confirmed it submitted a draft Form S-1 registration statement, allowing it to begin the regulatory review process ahead of a potential stock market debut.
The filing comes only days after Anthropic completed a record-breaking $65 billion funding round that valued the company at $965 billion, making it the most valuable artificial intelligence startup in the world.
The move is being viewed as one of the most significant IPO developments of 2026 as Wall Street prepares for what could become the biggest wave of AI-related listings in history.
Why Is Anthropic Going Public Now?
Anthropic’s IPO filing comes as demand for artificial intelligence products continues accelerating at an extraordinary pace.
The company said annualized revenue has surpassed $47 billion, driven by growing adoption of its Claude family of AI models among both enterprise customers and individual users.
Like many high-growth technology companies, Anthropic chose a confidential filing process, allowing management to refine disclosures and gauge investor interest before publicly releasing detailed financial information. The company has not yet disclosed how many shares it plans to offer or its expected IPO pricing range.
However, investors increasingly expect Anthropic’s valuation to exceed $1 trillion once it reaches public markets.
Can Anthropic Become a Trillion-Dollar Public Company?
The biggest question surrounding the IPO is valuation. Anthropic’s latest funding round valued the company at $965 billion, already placing it ahead of OpenAI’s last reported valuation of approximately $852 billion.
If public market investors assign even a modest premium to the company, Anthropic could become one of the first trillion-dollar startups to successfully transition into a publicly traded company.
The rapid growth has been remarkable.
Anthropic was valued at roughly $60 billion in early 2025. Less than two years later, the company is approaching the $1 trillion milestone as investor enthusiasm surrounding artificial intelligence continues accelerating.
How Anthropic Is Building Its AI Infrastructure
One reason investors remain bullish is Anthropic’s aggressive expansion of computing infrastructure.
The company has secured major partnerships with Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Broadcom (NASDAQ: AVGO), and SpaceX to access the enormous computing power required to train and operate advanced AI models. Anthropic recently expanded agreements for cloud computing capacity while also working with strategic hardware partners including Micron (NASDAQ: MU), Samsung, and SK Hynix.
The investments are designed to support future growth as demand for Claude continues increasing globally.
Anthropic vs OpenAI: The AI Battle Heads to Wall Street
Anthropic’s IPO filing intensifies competition with OpenAI, which is also reportedly preparing for its own public market debut. For years, the two companies have competed for AI talent, enterprise customers, infrastructure resources, and model performance leadership.
Now that competition could extend to public markets.
Industry analysts expect investors to compare growth rates, revenue generation, and product adoption between the two companies as they compete for leadership in the rapidly expanding AI sector.
Anthropic IPO Outlook
Anthropic’s filing signals that AI IPO season may have officially arrived.With SpaceX also expected to pursue a public listing and OpenAI reportedly exploring similar plans, investors could soon gain access to some of the most valuable private technology companies ever created.
For now, all eyes remain on Anthropic as the Claude developer moves one step closer to becoming a publicly traded company.
Anthropic has confidentially filed with the SEC, but the company has not announced an official IPO date. Many investors expect a public listing later this year.
Anthropic was recently valued at $965 billion following a $65 billion funding round, making it the world’s most valuable AI startup.
Based on its latest funding round, Anthropic’s valuation exceeds OpenAI’s most recently reported valuation of approximately $852 billion.
