Anthropic Files for IPO as Valuation Approaches $1 Trillion
Executive Briefing
- Files IPO paperwork with US regulators, targeting a public listing before rival OpenAI later in 2025
- Valued at $965bn by private investors, surpassing OpenAI's most recent $852bn valuation
- Expects to turn a profit in the first half of 2025, unlike rivals SpaceX and OpenAI
- Faces ongoing legal battle with Trump administration over DoD contract terms and AI use restrictions
- Analysts warn the 2026 IPO window could be the most consequential since the dot-com era
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