Anthropic’s IPO set to test external trust with power over board

Public-market scrutiny will intensify pressure on the Claude maker’s unusual attempt to balance profit and purpose

The top 3

  1. Highest-Valued AI IPOs in History: Anthropic filed to go public with a $965 billion valuation, potentially reaching $2 trillion, while OpenAI followed at an $852 billion valuation, targeting ~$1 trillion. SpaceX, which merged with xAI, debuted at a $1.8 trillion market capitalization, potentially the largest IPO ever.
  2. AI Companies Raising Most Capital in IPOs: Anthropic could raise up to $100 billion if it prices near its targeted $2 trillion valuation, and has already secured over $130 billion from roughly 300 investors pre-IPO. SpaceX aimed to raise about $75 billion in its IPO.
  3. Recent Major Tech/AI IPO Performance: Cerebras Systems (CBRS) went public on May 14, 2026, and trades at a ~$50.7 billion market cap. The 2026 IPO market has been strong, driven by a positive outlook for AI-related stocks. Anthropic and OpenAI are expected to go public in 2026, with combined private valuations nearing $1.4 trillion.

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