Anthropic Files for IPO with Potential $2 Trillion Valuation

Anthropic, the developer of the Claude AI models, initiated its public offering process by filing confidential S-1 documents with the US SEC on June 1, 2026. The company is targeting a valuation of up to $2 trillion, a figure that would exceed the approximately $1.8 trillion valuation of SpaceX.

The public prospectus is anticipated in late September 2026, with marketing for the IPO scheduled to begin by mid-October. Morgan Stanley, Goldman Sachs, JPMorgan, and Citi are managing the deal. Additionally, the company is arranging a $15 billion revolving credit facility with the same banking group.

Financial data from May 2026 indicates a revenue run rate of approximately $47 billion, with second-quarter projections surpassing $10.9 billion. Investor forecasts estimate annual revenue between $100 billion and $120 billion for 2026, with projections reaching $190 billion to $200 billion by 2028. In May 2026, the company completed a $65 billion Series H funding round, resulting in a post-money valuation of roughly $965 billion.

The offering may feature insider share sales, extended lockup periods, and the implementation of supervoting shares to maintain leadership control. CEO Dario Amodei holds approximately 2% of the company.

The filing is influencing the broader AI sector, as smaller firms reportedly seek to finalize their own deals to secure valuations before Anthropic captures significant market capital and attention. OpenAI has reportedly considered delaying its own IPO until 2027 in response to these market conditions.