Anthropic market debut could break SpaceX IPO record: media

A rival to OpenAI, artificial intelligence start-up Anthropic, could make its market debut and break the record set by SpaceX's IPO, according to US media. SpaceX's IPO in June reached a value of $1.77 trillion and raised $85.7 billion, the largest in history. Anthropic, the maker of Claude AI models, aims to match or exceed that size, with potential investors hearing it could seek to raise more than $100 billion in its IPO, raising its value to a projected $2 trillion, reports The New York Times.

Only a select few companies, such as Apple, Microsoft, and Nvidia, have topped the $2 trillion mark. Anthropic has yet to comment on the matter. The company filed to go public in June and could unveil its offering prospectus in the coming weeks, with shares potentially listed in the autumn. Anthropic, founded in 2021 by siblings Dario and Daniela Amodei and other former OpenAI executives, positions itself as a safety-first alternative in the AI race.

Its popular coding assistant, Claude Code, has helped boost its projected annual revenue to $47 billion. However, Anthropic has faced challenges in meeting demand for computing power due to a shortage of chips and servers. The company's relationship with the Trump administration has been strained, with government contracts being terminated and a supply chain risk designation in March after refusing military access to its AI models, which Anthropic called an unconstitutional retaliation.