
Anthropic Files for IPO, Eyes $1 Trillion Debut
Anthropic confidentially filed its S-1 with the SEC on June 1, targeting an October 2026 IPO at a near-$1 trillion valuation after a 5x revenue surge in six months.
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Anthropic confidentially filed its S-1 with the SEC on June 1, targeting an October 2026 IPO at a near-$1 trillion valuation after a 5x revenue surge in six months.

Anthropic's $65 billion Series H closes at a $965 billion post-money valuation, pushing it past OpenAI as the most valuable private AI company - driven by $47B in run-rate revenue and a clear IPO runway.

SpaceX's IPO filing discloses that Anthropic will pay $1.25 billion per month for compute across both Colossus data centers through May 2029, totaling roughly $45 billion.

OpenAI is merging ChatGPT, Codex, and the developer API into a unified agentic platform under Greg Brockman, while pausing Sora and shutting down its science and adult content experiments.

Cerebras raised $5.55B and surged 68% on Nasdaq debut, the largest US tech IPO since Snowflake in 2020, but a 200x revenue multiple and a single-customer backlog tell a more complicated story.

Cerebras Systems raised its IPO price to $150-$160 per share after investors placed over $10 billion in orders on a $3.5 billion offering - 20 times oversubscribed.

Anthropic is considering a $40-50 billion funding round at a valuation of up to $900 billion, which would make it the world's most valuable private AI company, surpassing OpenAI.

WSJ reports OpenAI missed multiple monthly revenue targets and its 1B user goal in 2026, sending Oracle down 6% and chip stocks sliding as IPO doubts surface.

Anthropic's annualized revenue crossed $30 billion in April 2026, topping OpenAI's $24 billion run rate and marking the first time a rival has outpaced OpenAI in the generative AI race.

Kevin Weil, Bill Peebles, and Srinivas Narayanan all left OpenAI on the same day as the company dismantles its consumer moonshots and sharpens its focus on enterprise revenue ahead of a potential IPO.

Allbirds sold its entire footwear business for $39 million - roughly 1% of its $4 billion peak valuation - and is rebranding as NewBird AI to buy GPUs and rent compute to AI developers. The stock quadrupled in a day.

OpenAI CFO Sarah Friar confirmed the company will reserve IPO shares for retail buyers, after the firm raised $3B from individuals in its $122B funding round - three times what it set out to raise.