Anthropic, the AI company behind the Claude chatbot, is preparing to go public on Wall Street in what could become the largest initial public offering in history. The company aims to raise between $75 billion and $100 billion, potentially surpassing the record set by SpaceX in June, which raised around $86 billion . A successful debut could value Anthropic at about $2 trillion . The IPO is expected between September and October 2026, with financial documents to be published in the coming weeks . Morgan Stanley and Goldman Sachs are advising the company .
Founded in 2021 by former OpenAI executives Dario and Daniela Amodei, Anthropic has carved out a niche in AI tools for programmers, particularly with its Claude Code assistant . This focus has driven annualized revenue above $65 billion . The company projects a potential market exceeding $30 trillion, though this is a theoretical estimate .
Anthropic's growth comes amid a dispute with the Trump administration. In March, the government terminated contracts with the company and labeled it a supply chain risk after Anthropic refused to give the military unrestricted access to its AI models . Anthropic called the move unconstitutional and has filed a lawsuit that could take years to resolve .
Despite strong revenue growth, Anthropic faces significant infrastructure costs and projected losses . The IPO will test investor appetite for AI companies amid a busy year for public offerings, with OpenAI also preparing to go public .
