Sources familiar with the matter indicate that Anthropic PBC anticipates its initial public offering could at least match the fundraising scale achieved by SpaceX, with the potential to exceed it.

Insiders reveal that the developer behind the Claude AI model is currently finalizing its calculations, preparing to publicly file for what could be a significant IPO as early as the end of this month. A recent investor presentation led by Chief Financial Officer Krishna Rao did not directly address the company's valuation.

According to available data, SpaceX raised $75 billion during the initial phase of its IPO, establishing a new global record for new share issuance. When factoring in the overallotment option, the final fundraising total expanded to $86.2 billion. Underwriters typically exercise this option if the stock price rises shortly after listing.

Those familiar with the ongoing discussions note that specifics regarding the IPO, including the exact offering size, remain subject to change.

Although Anthropic reported a positive adjusted operating profit for the second quarter, documents reviewed by Bloomberg News show the company is projecting a net loss of nearly $42 billion for 2025, roughly five times larger than the $8.3 billion net loss recorded in 2024.

Data suggests that if Anthropic's IPO exceeds the scale of SpaceX's, it could easily make 2026 the highest-grossing year for US IPO fundraising on record. As of August 19, newly listed companies this year have already raised $160.6 billion, still trailing the $195.2 billion record set in 2021.