Claude maker Anthropic has selected Nasdaq for its public listing and aims to raise as much or more than SpaceX's IPO, with the offering potentially launching as soon as October.
Anthropic is accelerating its path to going public amid heightened investor interest in artificial intelligence companies. The AI startup has chosen Nasdaq as its listing venue, according to Bloomberg reporting.
The IPO could value the company at or above SpaceX's $74 billion valuation when Elon Musk's rocket company went public in 2023. Anthropic seeks to raise substantial capital to fund its AI development and compete with rivals including OpenAI and Google's DeepMind.
October represents a potential timeline for the offering, though IPO schedules remain subject to market conditions and regulatory review. The move comes as investor appetite for AI-focused companies remains strong despite ongoing concerns about the technology's societal impact.
Anthropric has built Claude, a large language model competing directly with OpenAI's ChatGPT. The company has raised billions in private funding from investors including Google and Amazon, valuing it at $15 billion as of its most recent round.
The IPO announcement reflects broader consolidation trends in the AI sector, where companies are racing to scale operations and demonstrate commercial viability. Going public would provide Anthropic with direct access to capital markets and increased resources for research and development.
Regulatory scrutiny of AI companies has intensified globally, with lawmakers examining questions around safety, bias, and labor displacement. Anthropic has positioned itself as focused on AI safety and responsible development, a messaging likely to feature in its public market debut.
The company's IPO comes as other AI startups evaluate public market opportunities. The success of Anthropic's listing could shape investor appetite for additional AI-focused IPOs in coming quarters.
OpenAI is in early discussions with investors about raising fresh capital before a planned initial public offering, with the ChatGPT maker valued at over $1.2 trillion.
Apple is planning to re-enter the server business for the first time since 2011, potentially partnering with Nvidia to capitalize on surging AI infrastructure demand.
OpenAI is expanding its advertising capabilities by introducing Sponsored Agents in ChatGPT, allowing brands to create AI-powered agents that appear within the platform. The feature represents a new monetization avenue as the company seeks to increase revenue from its popular chatbot.
Pentagon Chief Technology Officer Emil Michael has signaled the Trump administration should not take equity stakes in AI companies and opposes regulatory oversight of the sector.