Anthropic, the parent company of Claude AI tools, officially initiated its first step towards going public in the U.S. In an official statement shared on its blog Monday, Anthropic said it has submitted a confidential Form S-1 filing with the SEC for a preliminary review.
A confidential SEC filing essentially allows IPO-ready companies to gain regulatory assessment before disclosing their financial information to competing companies.
“The number of shares to be offered and the price have not yet been set. The proposed initial public offering will depend on market conditions and other factors,” Anthropic said,
The development has now placed Anthropic ahead of OpenAI in the IPO race. As per reports, OpenAI itself is working to submit its confidential filing to go public, as per reports. What makes this particular competition more intense is the fact that Dario Amodei and Daniela Amodei — the sibling duo who founded Anthropic in 2021 were originally part of OpenAI’s founding team.
While the company’s ultimate IPO funding goal remains under wraps for now, it did recently report a staggering annual revenue that skyrocketed from $10 billion to $47 billion over the past year. The enterprise momentum with its Claude LLM can be credited as a major driving factor that propelled the AI firm towards profits.
Last week, the company also raised a $65 billion in a Series H funding round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. This funding has valued the company at a whopping $965 billion — surpassing OpenAI that valued at $852 billion as of March this year.
Visibly, Anthropic is sitting on the doorstep of hitting a trillion dollar valuation with its IPO round the corner.
Interestingly, Elon Musk’s SpaceX that was recently merged with his AI company xAI — is also targeting an IPO sometime in June this year. Even this IPO is setting target for a trillion-dollar valuation.
Both, SpaceXAI and Anthropic have also been deepening their links in the AI ecosystem. Earlier in May, SpaceXAI entered into a compute partnership with Anthropic, giving it access to Colossus 1 as demand for large-scale model training and inference continues to strain global AI infrastructure.
Perhaps its safe to say that the market is now gearing up for a multi-trillion-dollar showdown. Market analysts, however, have been raising alarms that such massive IPOs could hit the public market with a “crowding-out” affect — under which most of the available capital in the market gets soaked up leaving next to nil resources for other participants.
Anthropic, last month, made major inroads into the Vatican City after Pope Leo XIV partnered with company co-founder Chris Olah to launch Magnifica Humanitas, the Church’s first major encyclical on AI ethics.
Operations-wise as well, Anthropic is working to diversify its semiconducter partners. Just recently, it reportedly started discussing a possible chip deal with Microsoft.