Anthropic Targets Record IPO Valued at $2 Trillion

Anthropic, the artificial intelligence company behind the Claude language model, is preparing for an initial public offering that could rival or surpass SpaceX's record-setting debut, according to multiple reports. The company is reportedly targeting a listing as soon as the end of August 2026, with a potential market debut in October. Investors anticipate a valuation of $2 trillion or more, which would more than double its last private valuation of $965 billion set in May.

The potential offering aims to exceed the benchmark established by SpaceX in June, when the rocket company raised $75 billion from its initial share sale. An overallotment option later brought that total to $86.2 billion, making it the largest IPO in history. Anthropic's plans, first reported by Bloomberg, have been closely guarded, and the company has not confirmed specific valuation targets or commented on the details.

The company's financial trajectory supports the ambitious valuation. Anthropic's annual recurring revenue has reached $65 billion, a dramatic increase from $10 billion in total sales for 2025. Revenue in the second quarter of 2026 alone hit approximately $11 billion, more than double the $4.8...