Anthropic Could Beat OpenAI to Wall Street by Over a Year

In the ongoing AI gold rush, AI startups OpenAI and Anthropic are in a race to go public. OpenAI first mentioned plans to go public as early as late 2026, but has since delayed the IPO to 2027. Meanwhile, Anthropic has taken a significant step forward by finalizing its IPO prospectus, a crucial document that outlines a company's financial position and future outlook.

The prospectus, obtained by Reuters reporters, indicates that Anthropic could potentially surpass OpenAI in the race to go public. Both companies are targeting a valuation of $2 trillion, which would position them as the seventh most valuable public companies globally, just ahead of SpaceX, which set a record valuation of $1.77 trillion during its debut IPO on June 12.