Anthropic market debut could break SpaceX IPO record, says media
AI startup Anthropic is preparing for an initial public offering that could potentially exceed the record-breaking valuation of SpaceX. The company aims to raise over $100 billion, positioning itself as a major competitor to OpenAI in the artificial intelligence sector.
Why it matters
This IPO represents a significant milestone in the AI industry, signaling massive investor confidence and potential market shifts in the valuation of generative AI companies.
The market debut of artificial intelligence start-up Anthropic, a chief rival to OpenAI, could break the record set by SpaceX, US media have reported.
Elon Musk's space company went public in June at a value of $1.77 trillion and raised $85.7 billion in its blockbuster initial public offering, the largest in history.
Anthropic, maker of the Claude AI models, "expects to match or beat the size" of SpaceX's deal, according to Bloomberg.
The company's bankers have told potential investors it could seek to raise "more than $100 billion" in its IPO, which could put the company's value at $2 trillion, The New York Times reported Friday, citing two unnamed sources with knowledge of the talks.
That would more than double the five-year-old company's previous valuation at $965 billion, reached in its last funding round in June.
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