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Anthropic IPO could soar past record-breaking SpaceX

The market debut of artificial intelligence start-up Anthropic, a chief rival to OpenAI, could break the record set by SpaceX, US media have reported. Elon Musk's space company went public in June at a value of US$1.77 trillion and raised US$85.7 billion in its blockbuster initial public offering, the largest in history. Anthropic, maker of the Claude AI models, "expects to match or beat the…

Artificial intelligence startup Anthropic, a rival to OpenAI, is poised for an IPO that could surpass the record-breaking SpaceX's market debut, US media report. SpaceX's 2020 IPO valued the company at $1.77 trillion and raised $85.7 billion, the largest ever. Anthropic, known for its Claude AI models, aims to match or exceed SpaceX's deal, according to Bloomberg.

Its bankers have told investors it might seek to raise more than $100 billion, potentially valuing the company at $2 trillion, The New York Times reported on Friday, citing unnamed sources. This would more than double Anthropic's previous valuation of $965 billion, reached in its last funding round in June. Only a select few companies, including Apple, Microsoft, and Nvidia, have surpassed the $2 trillion threshold.

Anthropic has not responded to AFP's request for comment. Once it files for public offering in June, the company could unveil its prospectus in the coming weeks, with shares potentially listed in the autumn. If successful, Anthropic could beat OpenAI, the creator of ChatGPT, to the market. OpenAI plans to list its shares in 2027.

Written by urgent.news from RTHK News - Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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