Anthropic has filed a formal application to go public

After months of speculation about whether OpenAI or Anthropic would be first in the race to an IPO, Anthropic on Monday reached a major milestone: filing to begin the process with the U.S. Securities and Exchange Commission.

The filing paves the way for what is sure to be a massive IPO. As of last week’s fundraiser, Anthropic is He is called The most valuable startup in the world, with an after-cash value of $965 billion. This dwarfs the $852 billion financial valuation of OpenAI, its biggest competitor.

Anthropic has chosen to file its draft registration statement with the Securities and Exchange Commission confidentially, according to a Blog post From the company, which means that key details typically included in this form about a company’s operations — such as the potential risks of its business, executive compensation, and other financial matters — won’t become public until later in the process.

This news comes less than two weeks before SpaceX’s IPO scheduled for June 12. Elon Musk’s SpaceX — which owns xAI and also has a recent deal with Anthropic in which the latter pays $15 billion a year to use SpaceX data centers — is currently set to raise $80 billion in its public debut, making it the largest IPO in history.

The filing also comes shortly after OpenAI He went out ahead In her high-profile legal battle with Musk, when a judge dismissed all claims due to a statute of limitations.