When is Anthropic expected to go public?

Anthropic is expected to go public in the coming months, though no specific date has been announced.

What valuation is Anthropic targeting?

Anthropic's target valuation is unclear; CFO Krishna Rao "skirted" the question in recent investor briefings, according to Bloomberg.

How does SpaceX's IPO compare?

SpaceX's IPO was $75 billion, or $86.2 billion if counting the over-allotment, with a post-offering valuation of $1.77 trillion.

Large Language ModelsAI Coding AssistantsAI Stocks & MarketsAI Business & IndustryFortune AIAug 21, 2026Aug 21, 2026, 22:00 JST

Anthropic vows to match or beat SpaceX's $75 billion IPO

Send on LINE

3 Key Points

What happened
Anthropic plans to "match or beat" the size of SpaceX's $75 billion IPO (or $86.2 billion including the over-allotment), according to Bloomberg reporting on anonymous sources. Anthropic was valued at $965 billion by private investors in May and is expected to go public in the coming months.
Why it matters
SpaceX's record-breaking IPO in 2024 set a new benchmark for mega-offerings; Anthropic's ambition signals that the AI industry's top companies are pursuing valuations at historically unprecedented scale. To match SpaceX's valuation of $1.77 trillion would require substantial gains from Anthropic's May valuation.
What to watch
Anthropic's CFO Krishna Rao has not disclosed the company's target valuation in recent investor briefings. OpenAI, the other major AI IPO hopeful, is believed to be aiming for a 2027 debut.

Not sure about something? Ask the AI

Questions and answers are published on this page.

Summaries like this, in your inbox every morning.

Get news like this every morning, free

Context & Analysis

SpaceX's 2024 IPO broke historical records and set a new ceiling for mega-offerings in the tech sector. Anthropic's stated intent to match or beat that size reflects the AI industry's confidence in its valuations and competitive positioning. The gap between Anthropic's May private valuation of $965 billion and SpaceX's $1.77 trillion post-offering valuation is substantial, yet the article notes that "there's nothing rational about SpaceX's valuation," suggesting that market momentum and investor appetite for AI may support such gains. OpenAI, the third major AI player pursuing a public listing, is on a different timeline—aiming for 2027—which leaves Anthropic and potentially other AI companies to capture near-term IPO activity in 2025.

FAQ

When is Anthropic expected to go public?: Anthropic is expected to go public in the coming months, though no specific date has been announced.
What valuation is Anthropic targeting?: Anthropic's target valuation is unclear; CFO Krishna Rao "skirted" the question in recent investor briefings, according to Bloomberg.
How does SpaceX's IPO compare?: SpaceX's IPO was $75 billion, or $86.2 billion if counting the over-allotment, with a post-offering valuation of $1.77 trillion.

Fortune AIRead Original Article

Send on LINE

AI news that matters for your work, delivered every morning.

Pick your industry and the AI tools you use, and get news related to your work every day.

Get it free

Free · 30 seconds with Google · unsubscribe anytimeWhat is AIToday? →

Ask AI

Ask AI anything about this article. The AI reads this article, earlier AIToday articles, and Wikipedia, and cites its sources. Q&As are published on this page for other readers too.