Better IPO to Buy: Anthropic vs. SpaceX
Key PointsAnthropic is growing faster than SpaceX.
In 2026, two major IPOs are anticipated: Space Exploration Technologies (SPCX) and Anthropic. SpaceX holds the record for the largest IPO, valued at approximately $1.75 trillion. Anthropic's valuation is expected to reach up to $2 trillion, depending on market interest. The increasing popularity of these companies has transformed the public market landscape, providing investors access to both companies' financial details.
The IPO day comparison of SpaceX and Anthropic may seem challenging, as they operate in distinct industries. SpaceX specializes in space exploration, satellite internet services, and Starlink, while Anthropic is an AI lab dedicated to developing and deploying AI models for various purposes. However, SpaceX's recent acquisition of xAI, which owns the X platform and Grok AI model business, has blurred the lines between the two industries.
Both companies have achieved impressive growth rates in the past few months, making it hard to determine which is the better investment. Anthropic has experienced a remarkable growth in the first six months of the year, with revenue increasing by 1,305% year-over-year to $16.3 billion. SpaceX's Super Intelligence division witnessed an 830% year-over-year revenue growth in the third quarter, totaling $7.56 billion.
While comparing the two companies head-to-head is difficult, Anthropic's revenue figures indicate a significant growth trend, potentially reaching three to four times higher than SpaceX's. Despite Anthropic's substantial losses, its operating income is relatively smaller compared to SpaceX's. However, focusing on operating income is crucial in making an investment decision.
Anthropic's operating loss of $693 million during the first six months is a concern, while SpaceX's operating income of $431 million in Q3 appears more promising. Ultimately, Anthropic may be the better buy, as its AI model, Claude, has gained significant traction, potentially driving the stock to new heights and offering the potential for generational investment returns.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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