Anthropic market debut could break SpaceX IPO record, says media

Anthropic, a rival to OpenAI in the artificial intelligence space, could potentially set a new record for the largest initial public offering (IPO) in history, according to US media reports. SpaceX's 2020 IPO, valued at $1.77 trillion, raised the most money in a single deal at that time. However, Anthropic, known for its Claude AI models, is aiming to match or exceed this amount, with potential investors expecting a raise over $100 billion, which could value the company at $2 trillion.

Only a select few companies, like Apple, Microsoft, and Nvidia, have reached or surpassed the $2 trillion valuation mark. Anthropic, founded in 2021 by siblings Dario and Daniela Amodei and other former OpenAI employees, has positioned itself as a safety-focused alternative to OpenAI. Its popularity, particularly its coding assistant Claude Code, has pushed projected annual revenue to $47 billion.

However, the company faces challenges meeting demand for computing power due to a chip and server shortage. The company's strained relationship with the Trump administration, which ended a contract and labeled Anthropic a supply chain risk, may deter potential investors.