After much anticipation about which tech giant would take the initial step towards going public, Anthropic has made its move. On Monday, the company announced that it had filed the necessary paperwork with the U.S. Securities and Exchange Commission (SEC), signaling the start of its journey toward an Initial Public Offering (IPO).
This filing sets the stage for what is expected to be a blockbuster IPO. Following its recent fundraising efforts, Anthropic has been dubbed the world’s most valuable startup, boasting a staggering post-money valuation of $965 billion. This figure surpasses its main competitor, OpenAI, which holds a valuation of $852 billion.
In a strategic decision, Anthropic submitted its draft registration statement confidentially to the SEC. As shared in a company blog post, this means that specific details typically disclosed at this stage—such as business risks, executive compensation, and financial information—will remain under wraps until later in the process.
The announcement arrives just days before SpaceX’s highly anticipated IPO, scheduled for June 12. SpaceX, led by Elon Musk and owner of xAI, has recently secured a partnership with Anthropic, involving a $15 billion annual agreement for Anthropic to utilize SpaceX’s data centers. SpaceX is poised to raise $80 billion through its public offering, potentially setting a record for the largest IPO ever.
The filing also coincides with OpenAI’s recent legal victory over Musk, where a judge dismissed all claims against OpenAI due to the statute of limitations. This development adds another layer of intrigue to the unfolding narrative in the tech world.
