Anthropic applies for IPO! Outperforming OpenAI, taking over SpaceX, the U.S. stock market welcomes the largest wave of startup listings in history

Anthropic files for IPO, surpassing OpenAI in progress. With a valuation of $965 billion and strong revenue, taking over SpaceX to spark the largest startup IPO wave in U.S. stocks, AI battle flames officially ignite the capital markets.

Anthropic applies for IPO listing, ahead of competitor OpenAI

The highly anticipated Claude developer Anthropic has finally initiated its initial public offering (IPO) process! Anthropic revealed it has secretly submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), which means that after SEC review is completed, Anthropic will have the option to go public.

Anthropic is expected to officially list this fall, outpacing its biggest competitor OpenAI. However, the specific number of shares to be issued and the pricing are not yet determined; the final decision will depend on market conditions and other relevant factors.

Image source: Anthropic Anthropic files for IPO listing, surpassing OpenAI

Anthropic’s valuation nears $1 trillion, taking over SpaceX IPO

Last week, Anthropic completed a Series H funding round led by Altimeter Capital, Sequoia Capital, and other institutions, raising up to $65 billion, pushing its post-money valuation to $965 billion, surpassing OpenAI’s $852 billion valuation set in March this year, making it the most valuable startup globally.

Before Anthropic, Elon Musk’s aerospace company SpaceX is also set to go public on Nasdaq on June 12. SpaceX’s target valuation is as high as $1.5 trillion to $2 trillion, with plans to raise over $75 billion.

• Related report: SpaceX IPO expected to list in June! How can Taiwanese investors position themselves for SPCX U.S. stock trading?

These two giant startups are entering the U.S. capital markets consecutively, likely to trigger the largest startup IPO wave in Wall Street history.

Anthropic’s annual revenue reaches $47 billion

Anthropic’s impressive valuation is mainly due to its strong revenue performance and technological breakthroughs.

Benefiting from huge demand from enterprise clients for products like Claude Code, Anthropic’s annualized revenue has reached $47 billion this year, a explosive growth from $10 billion last year. Data from The Wall Street Journal also shows that the company expects revenue to surge significantly and potentially achieve its first positive operating profit.

• Related report: Profitless! Axios: A certain company’s Claude usage went unrestricted, costing $500 million in one month

In terms of technological development, Anthropic recently launched the Claude Opus 4.8 model with advanced programming capabilities, as well as the non-public Mythos cybersecurity model, which has been provided to selected companies participating in the Project Glasswing cybersecurity initiative.

Although Anthropic once raised security concerns from the U.S. Department of Defense and was blacklisted, this did not hinder its adoption in the private sector. After the controversy, Claude even rose to the top of the Apple U.S. free app charts at the end of February, and Anthropic responded by suing the U.S. government for labeling.

Anthropic partners with SpaceX to expand AI computing power

To meet the massive computational demands of model training and product expansion, Anthropic is actively strengthening its infrastructure.

Anthropic has reached a significant partnership with SpaceX, utilizing resources from SpaceX’s Colossus 1 data center in Memphis, Tennessee. According to SpaceX’s public disclosures, Anthropic will pay up to $15 billion annually to SpaceX, with the contract expected to last until May 2029.

This collaboration ensures a steady supply of computing power for Anthropic and further deepens strategic ties among top-tier startups globally.

Image source: Anthropic Anthropic partners with SpaceX to expand AI computing capacity

Anthropic and OpenAI compete as they move to the capital markets

As two giants in the U.S. AI market, the competition between Anthropic and OpenAI has extended from technology to the capital markets.

Anthropic co-founder and CEO Dario Amodei previously worked at OpenAI, but left due to differences in vision with OpenAI CEO Sam Altman, and founded Anthropic in 2021. The two now fiercely compete in artificial general intelligence (AGI) and enterprise service markets.

Altman previously stated to the media that OpenAI does have plans to go public, but it is not urgent and will proceed at the right time. Meanwhile, OpenAI is also actively preparing its own IPO draft, and in the future, these two AI giants will face rigorous scrutiny from investors in the stock market.

• Further reading: OpenAI rumored to go public as early as September! Will file for IPO this Friday, and will the key lawsuit be resolved to accelerate listing?