The Anthropic IPO: What we know so far

Artificial intelligence giant Anthropic has lodged its prospectus with the market operator in the US, in what is likely to be one of the largest initial public offerings this year.

Investor waiting game

There are few public details at this stage, with the company lodging its prospectus “confidentially” overnight Australian time.

As the company said:

Today, Anthropic, PBC confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of our common stock. This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors. The number of shares to be offered and the price have not yet been set. 

Anthropic is the company behind the Claude large language model, which is used for applications such as coding and design.

While there are no details yet on how much money the company will raise in the IPO, the value of Anthropic was recently set by a new capital raise on May 28.

The company at that stage raised US$65 billion in a Series H raise, which valued the company at US$965 billion.

The company also gave an update on its revenue, saying:

Global enterprises across industries are deploying Claude in their core operations, and a growing number of people around the world use it for their everyday work. Since our Series G in February, adoption has continued to grow across global enterprise customers, and our run-rate revenue crossed $47 billion earlier this month. This latest funding is expected to advance our safety and interpretability research, expand compute to meet growing demand for Claude, and scale the products and partnerships our customers rely on.

One of the investors in the new round was memory manufacturer Micron, which recently passed a US$1 trillion valuation on the back of strong demand for its products.

In the footsteps of SpaceX

Anthropic’s IPO news follows Elon Musk’s SpaceX (NASDAQ: SPCX) recently lodging its own prospectus, a move that could value the company at up to US$2 trillion.

SpaceX also has an AI division, alongside its space and connectivity divisions, the latter of which is the only business unit currently turning a profit.

The SpaceX prospectus is filled with lofty ambitions, saying, “Our mission is to build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars”.

Despite SpaceX’s ambitious goals, it’s currently still burning money, making a US$2.59 billion loss on revenue of US$18.7 billion in 2025.

The post The Anthropic IPO: What we know so far appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Micron Technology. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.